US telco Windstream has priced US$700m of 10-year senior unsecured notes.
The notes have an interest rate of 6.375% and priced at par.
The debt will be put towards paying for the telco’s previously announced bond buyback.
Windstream has offered to…
US telco Windstream has priced US$700m of 10-year senior unsecured notes.
The notes have an interest rate of 6.375% and priced at par.
The debt will be put towards paying for the telco’s previously announced bond buyback.
Windstream has offered to purchase US$650m of 8.875% senior secured notes due 2017 issued by its wholly-owned subsidiary PAETEC Holding Corp.
This week, alongside the loan, the telco has announced it wants to secure US$300m in term loans and draw upon a US$1.25bn revolving credit facility in an effort to refinance US$1.1bn of debt due this year.
Windstream offers internet services along with broadband, phone and digital TV services to consumers primarily in rural areas.
Last year it generated more than US$6bn in revenues.
