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Stock Market & Financial Investment News

News Breaks
January 9, 2013
14:39 EDTWINWindstream 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.
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December 18, 2014
07:16 EDTWINWindstream provides update on REIT spinoff
Windstream provided an update on its planned REIT spinoff. Windstream announced it is refining the transaction structure in certain respects to benefit both Windstream and the REIT. Windstream now expects to retain 19.9% of the shares in the REIT and distribute the remaining 80.1% to Windstream stockholders. The retained shares will be sold opportunistically during a 12-month period following the spinoff, subject to market conditions, with the net proceeds used to retire debt.
December 12, 2014
10:41 EDTWINHigh option volume stocks:
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07:02 EDTWINWindstream names Bob Gunderman as CFO
Windstream announced that Bob Gunderman has been named CFO for the company, effective immediately. Gunderman has been serving as interim CFO since Oct. 1. He will retain his current treasury duties while the company conducts a search for a permanent treasurer.
December 11, 2014
17:01 EDTWINWindstream appoints Tony Thomas as CEO
Windstream Holdings announced that Tony Thomas has been appointed president and CEO and a director of Windstream, effective immediately. Thomas succeeds Jeff Gardner, the company's current president and CEO, who will stay on as senior adviser to the CEO and as a member of the board through Feb. 1, 2015, to ensure an orderly transition. Thomas has principally served as Windstream's CFO over the past eight years and most recently as the company's president of real estate investment trust operations.

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