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Cable Operators

Knology’s Passing Notes, Announcing Estimates

2/19/2004 5:55 AM Eastern

Knology Inc. said Thursday that it will offer up to $280 million of senior notes in a private offering to qualified institutional buyers.

The company said net proceeds will be used to redeem its outstanding 12% senior notes due 2009 and to repay existing indebtedness under a secured credit facility, with any excess proceeds for general corporate purposes.

Knology also said Thursday that it expects consolidated revenues for 2003 to range between $172 million-$174 million and earnings before interest, taxes, debt and amortization, as adjusted, to be approximately $33 million.

In 2002, the company posted consolidated revenues of about $142 million and EBITDA, as adjusted, of some $11 million, including an approximately $10 million noncash charge for asset impairment.

September