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tw telecom Closes Private Note Offering

tw telecom inc. (TWTC) has closed its $430 million private note offering.

The CLEC, which provides Internet and phone services to businesses, said Wednesday it will use the proceeds to buy 9.25 percent senior notes due in 2014. tw telecom was offering 8 percent senior notes due 2018.

tw telecom bought about $366.5 million in those notes and has approval from almost 92 percent of note holders.

Shares of the Colorado-based company were trading .11 percent lower at 2:20 p.m. Eastern, at $18.43.


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