Cincinnati Bell 2012 Annual Report Download - page 196
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18. Supplemental Guarantor Information—8
3
⁄
8
% Senior Notes due 2020, 8
3
⁄
4
% Senior Subordinated
Notes due 2018, and 8
1
⁄
4
% Senior Notes due 2017
As of December 31, 2012, the Parent Company’s 8
3
⁄
8
% Senior Notes due 2020, 8
3
⁄
4
% Senior Subordinated
Notes due 2018,and 8
1
⁄
4
% Senior Notes due 2017 are guaranteed by the following subsidiaries: Cincinnati Bell
Entertainment Inc., Cincinnati Bell Any Distance Inc., Cincinnati Bell Telecommunications Services LLC,
Cincinnati Bell Wireless LLC, CBTS Software LLC, Cincinnati Bell Technology Solutions Inc., Cincinnati Bell
Any Distance of Virginia LLC, eVolve Business Solutions LLC, Data Center Investments Inc., Data Center
Investments Holdco LLC, Data Centers South Inc. and Data Centers South Holdings LLC.
The Parent Company owns directly or indirectly 100% of each guarantor and each guarantee is full and
unconditional, and joint and several. In certain customary circumstances, a subsidiary may be released from its
guarantee obligation. These circumstances are defined as follows:
•upon the sale of all of the capital stock of a subsidiary,
•if the Company designates the subsidiary as an unrestricted subsidiary under the terms of the indentures,
or
•if the subsidiary is released as a guarantor from the Company’s credit facility.
As of November 20, 2012, the following subsidiaries were released from their guarantee obligation on these
notes: Cincinnati Bell Shared Service LLC, CyrusOne and CyrusOne Foreign Holdings LLC. The condensed
consolidated financial statements shown below have been retroactively restated to reflect these subsidiaries as
non-guarantors. In addition, CyrusOne and CyrusOne Foreign Holdings LLC were designated as unrestricted
subsidiaries.
The Parent Company’s subsidiaries generate substantially all of its income and cash flow and generally
distribute or advance the funds necessary to meet the Parent Company’s debt service obligations. The following
information sets forth the Condensed Consolidating Balance Sheets of the Company as of December 31, 2012
and 2011 and the Condensed Consolidating Statements of Operations and Comprehensive Income and Cash
Flows for the years ended December 31, 2012, 2011, and 2010 of (1) the Parent Company, as the issuer, (2) the
guarantor subsidiaries on a combined basis, and (3) the non-guarantor subsidiaries on a combined basis.
122
Form 10-K Part II Cincinnati Bell Inc.