Insight Communications Co. Inc. said it would issue about $150 million in a
private-placement discount-bond offering to repay intercompany debt and for
general corporate purposes, including potential acquisitions.
In a press release, Insight said the offering would be made only to qualified
institutional buyers and a limited number of accredited institutional
Insight has about 1.4 million subscribers in systems in Illinois, Indiana,
Ohio and Kentucky.
Earlier this month, Insight Midwest, a subsidiary of Insight Communications,
closed on a $1.75 billion credit facility.