Windstream looks to refinance additional $1B of 2015 debt Windstream announced steps to refinance an additional $1B of its debt due in 2015. Windstream announced on Tuesday, Jan. 8, that the company was seeking to obtain $300Min term loans under its existing senior secured credit facilities to refinance existing term loans that mature in July 2013. Windstream now is seeking to obtain a total of up to $1.345B in term loans under its existing senior secured credit facilities to refinance existing term loans that mature in July 2013 and December 2015. Windstream expects to acquire the term loans before the end of January, subject to market and other conditions.
Windstream receives state regulatory approvals for REIT spinoff Windstream announced it has received all regulatory approvals from state public service commissions required for its planned real estate investment trust spinoff, which will be named Communications Sales & Leasing. Windstream earlier received a favorable private letter ruling from the Internal Revenue Service relating to the transaction.