Racecar Holdings files details on its $125 million financing

XDATA – January 4th 2016
Racecar Holdings raised $125 million from three financial backers on December 18th according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is the parent of Wide Open West (WOW!), a cable operator founded in 1996 that serves around 782,000 customers in Tennessee, Alabama, Georgia, South Carolina, Florida, Kansas, Minnesota and Iowa. Crestview Partners is the current company sponsor, it bought WOW! from Avista Capital Partners which purchased the company in 2008.
The company, headquartered in Englewood CO, is led by Steven Cochran (President). Racecar Holdings elected to keep its revenues undisclosed.
The board of directors includes Brendan Scollans, Brian Cassidy, Colleen Abdoulah, David Burgstahler, Dudley Slater, Jeff Marcus and Phil Seskin.
Offering recap
Status: Completed
Company: Racecar Holdings
Industry: Other
Amount offered: $125 million
Amount placed: $125 million
SEC filing: Source
First sale: 12-18-2015
Data as of: 01-04-2016

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s