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 upgraded to Equal Weight on valuation at Morgan Stanley As previously reported, Morgan Stanley upgraded Windstream to Equal Weight from Underweight and lowered its price target to $7 from $9.50. The firm upgraded shares based on balanced risk/reward following the pullback.