Windstream looks to refinance 2013 debt maturities Windstream announced steps to refinance its $1.1B debt due in 2013. Windstream is seeking to obtain $300M in term loans under its existing senior secured credit facilities to refinance existing term loans that mature in July. Windstream expects to acquire the term loans before the end of January, subject to market and other conditions. Additionally, Windstream has available a $1.25B undrawn revolving credit facility as an option to repay its $800M in senior notes that mature later in 2013. Windstream also announced earlier today a proposed private placement of $700M of senior notes that will mature in 2023. The company expects to use the proceeds to complete a tender offer and consent solicitation to purchase for cash any and all of the outstanding $650M aggregate principal amount of the 8.875% Senior Secured Notes due 2017 issued by PAETEC Holding Corp., a wholly-owned subsidiary of Windstream.
News For WIN From The Last 14 Days
Check below for free stories on WIN the last two weeks.
Subscribe for More Information