Knology Announces Plans to Pursue an Opportunistic Credit Facility Amendment to Extend Certain Maturities

• Press Release
• Source: Knology, Inc.
• On 7:50 am EDT, Tuesday September 15, 2009

WEST POINT, Ga.--(BUSINESS WIRE)--Knology, Inc. (Nasdaq: KNOL - News) today announced that it will pursue an amendment to its existing credit facility. The Company has requested that its lenders approve, among other things, (i) an extension of a certain amount of the maturity of the existing term loan tranches, (ii) an increase in the interest rate payable to holders of the extended term loan, (iii) an increase of $10 million in revolver commitments, from the current $25 million to $35 million, (iv) the ability to incur additional secured or unsecured notes to refinance the non-extended term loans and (v) certain other modifications to the credit facility.

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Symbol	Price	Change
KNOL	9.99	-0.01

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M. Todd Holt, President and Chief Financial Officer of Knology, Inc. stated, “We view this contemplated transaction as an opportunistic financing motivated by improving credit markets. Given the healthy free cash flow position of our business, the time to maturity of the current term loans and the flexibility of the current credit facility, we do not have an immediate need to address our current term loans. However, we believe the current credit environment may allow us, in an efficient manner, to better manage the existing maturities and further improve our balance sheet.”

About Knology

Knology Inc., headquartered in West Point, Georgia, is a leading provider of interactive communications and entertainment services in the Southeast and in the South Dakota region. Knology serves both residential and business customers with one of the most technologically advanced broadband networks in the country. Innovative offerings include over 200 channels of digital cable TV, local and long distance digital telephone service with the latest enhanced voice messaging features, and high-speed Internet access, which enables consumers to quickly download video, audio and graphic files using a cable modem. Knology’s fiber-based business products include iPlex, which delivers Ethernet connections to an IP-PBX using Session Initiated Protocol (SIP) technology, Passive Optical Network (PON), which supplies IP architecture with segmented voice and data bandwidth, and Managed Integrated Network Solutions (MATRIX), an integrated IP-based technology which converges data and voice. For more information, please visit www.knology.com.

Information about Forward-Looking Statements

This press release includes "forward-looking" statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, that are subject to future events, risks and uncertainties that could cause our actual results to differ materially from those expressed or implied. In addition, our revenues and earnings and our ability to achieve our planned business objectives are subject to a number of factors that make estimates of future operating results uncertain, including, without limitation, (1) that we will not retain or grow our customer base, (2) that we will fail to be competitive with existing and new competitors, (3) that we will not adequately respond to technological developments that impact our industry and markets, (4) that needed financing will not be available to us if and as needed, including the contemplated transaction noted above (5) that a significant change in the growth rate of the overall U.S. economy will occur such that there is a material impact on consumer and corporate spending, (6) that we will not be able to complete future acquisitions, that we may have difficulties integrating acquired businesses, or that the cost of such integration will be greater than we expect, and (7) that some other unforeseen difficulties occur, as well as those risks set forth in our Annual Report on Form 10-K for the year ended December 31, 2008, and our other filings with the SEC. This list is intended to identify only certain of the principal factors that could cause actual results to differ materially from those described in the forward-looking statements included herein. Investors are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relating to expectations about future results or events are based upon information available to us as of today's date, and we do not assume any obligation to update any of these statements, except as required by law.

Knology, Inc.
M. Todd Holt, 706-645-8752
President and Chief Financial Officer
todd.holt@knology.com