Cincinnati Bell Inc. announced on May 30, 2024, the company entered into that certain Amendment No. 3 to Credit Agreement (Amendment No. 3), by and among the Company, Red Fiber Parent LLC (Holdings), the Guarantors party thereto, Goldman Sachs Bank USA, as administrative agent (the Administrative Agent) and as the Incremental Term B-2 Lender (the Incremental Term B-2 Lender) and the existing Lenders under the Company?s Revolving Credit Facility (as defined in the Credit Agreement), in order to amend certain terms of its existing Credit Agreement (the Credit Agreement), dated as of September 7, 2021, as amended as of November 23, 2021 and as amended as of May 3, 2023, by and among the Company, Holdings, the Administrative Agent and the Lenders and L/C Issuers party thereto.

Amendment No. 3 provides for (i) a $300 million incremental increase to the existing Term B-2 Loans (as defined in the Credit Agreement) (the Incremental Term B-2 Loans) and (ii) the extension of the maturity date for the commitments under the Company?s Revolving Credit Facility to August 2028. The Incremental Term B-2 Loans will be part of the same class of Loans as the existing Term B-2 Loans and will have the same terms as such Term B-2 Loans.

The proceeds of the Incremental Term B-2 Loans will be used (a) to repay a portion of the outstanding loans under the Revolving Credit Facility, (b) to repay borrowings under the Company?s accounts receivable securitization facility, (c) to pay fees, expenses and other transaction costs related to Amendment No. 3 and the transactions contemplated thereby and (d) for working capital and other general corporate purposes. The other material terms, conditions and covenants of the Credit Agreement were unchanged by Amendment No.

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