Insight Midwest to price $175 million add-on late Thursday

By Paul A. Harris

St. Louis, Dec. 11 - Insight Midwest Capital Corp. plans to price a $175 million add-on to its 9¾% senior notes due Oct. 1, 2009 (B2/B+) late Thursday, according to a syndicate source.

Credit Suisse First Boston is the bookrunner. Banc of America Securities, BNY Capital Markets, Morgan Stanley, TD Securities, JP Morgan, Fleet Securities, SunTrust Robinson Humphrey and BNP Paribas are co-managers.

The notes are callable on Oct. 1, 2004 at 104.875, then at 103.25 on Oct. 1, 2005, at 101.625 on Oct. 1, 2006 and at par on Oct. 1, 2007 and thereafter.

Due to original issue discount concerns, the offering will not be a true add-on and will trade permanently under a separate Cusip number

Proceeds will be used to repay bank debt.

The issuer operates a cable TV system in Midwestern U.S. and is headquartered in New York City. It is a subsidiary of Insight Communications.

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