Knology has closed its previously-announced acquisition of Sunflower Broadband, a provider of video, voice and data services to residential and business customers in Lawrence, Kansas and the surrounding area, for $165 million cash.
In connection with the acquisition, Knology has entered into a $770 million first lien credit facility with proceeds used to partially fund the acquisition purchase price, refinance the company’s existing credit facility, and pay related transaction costs. Knology also used approximately $48 million of cash on hand to partially fund the transaction.??
Knology is headquartered in West Point, Georgia, and is a provider of interactive communications and entertainment services in the Southeast and in the upper Midwest and Kansas regions. Knology serves both residential and business customers.