[July 22, 2005] Insight Announces Completion of Debt Refinancing Tweet NEW YORK --(Business Wire)-- July 22, 2005 -- Insight Communications Company, Inc. (NASDAQ:ICCI) today announced completion of the refinancing of its existing $1.1 billion Term B loan under Insight Midwest's credit facility. The credit facility was further amended, among other changes, to adjust the maximum total leverage ratio covenant. "This refinancing transaction will lower our overall interest costs as well as ensure adequate liquidity under Insight Midwest's financial covenants," said John Abbot, senior vice president and CFO of Insight Communications. Insight Communications (NASDAQ: ICCI) is the 9th largest cable operator in the United States, serving approximately 1.3 million customers in the four contiguous states of Illinois, Indiana, Ohio, and Kentucky. Insight specializes in offering bundled, state-of-the-art services in mid-sized communities, delivering analog and digital video, high-speed Internet, and voice telephony in selected markets to its customers. Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The words "expect," "anticipate" and other expressions that indicate future events and trends identify forward-looking statements. The above forward-looking statements are subject to risks and uncertainties and are subject to change based upon a variety of factors that could cause actual results to differ materially from those Insight Communications anticipates. [ Back To TMCnet.com's Homepage ]