Cable Operators

On Second Thought: Knology Pulls Offering

3/03/2004 8:51 AM Eastern

Knology Inc. said Wednesday that market conditions have caused it to withdraw its proposed private offering of senior notes.

"We had believed that market conditions would enable us to complete an opportunistic refinancing of our existing long-term debt to realize significant cost savings," president and CEO Rodger Johnson said in a prepared statement.

"Unfortunately, proceeding with the proposed offering in the current market environment would not have provided Knology with the interest-expense savings we had expected," he added.

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