US ISP and telco Windstream has sold previously announced US$500m notes to fund a buyback of 2019 paper.
Windstream confirmed yesterday that the private placement of the senior unsecured notes with a coupon of 7.75% and October 2021 maturity has…
US ISP and telco Windstream has sold previously announced US$500m notes to fund a buyback of 2019 paper.
Windstream confirmed yesterday that the private placement of the senior unsecured notes with a coupon of 7.75% and October 2021 maturity has completed.
Proceeds will be used to purchase Windstream’s US$500m outstanding 7% senior notes due 2019.
As reported previously Goldman Sachs was lead dealer manager and solicitation agent on the redemption, while BNP Paribas, Citi, JP Morgan, RBC Capital Markets, and RBS were co-dealer managers.
The Little Rock, Arkansas-based rural operator last visited the debt markets in January when it sold US$700m of 10-year senior unsecured notes to fund a separate redemption.
Nasdaq-listed Windstream offers triple-play services to rural customers in the US and network communications to businesses.
