tw telecom downsizes revolver to $80 million

By Sara Rosenberg

New York, Jan. 21 - tw telecom inc. reduced the size of its revolving credit facility to $80 million from $100 million, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

The $20 million that was terminated on Jan. 14 is a commitment of Lehman Brothers Commercial Bank.

The company took this action because Lehman would be unable to fund its commitment if drawings were made against the revolver.

tw telecom is a Littleton, Colo.-based provider of managed network services to enterprise organizations and communication services companies.

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