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Windstream halves stake in CSL to cut debt, plans to offload remaining shares

Connectivity BusinessbyConnectivity Business
June 16, 2016
in Financing, Space Services, Strategy and Markets
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US telco and ISP Windstream (NASDAQ:WIN) has transferred about half its shares in real estate investment trust (REIT) spinoff Communications Sales and Leasing (CSL) to its creditors to help pay down debt. The transferred shares were used to retire some US$309m under a revolving credit facility and pay transaction expenses. US telco and ISP Windstream (NASDAQ:WIN) […]

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Tags: CSLNorth AmericaPremiumTF247Windstream
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