US ISP and telco Windstream has asked its lenders to amend and restate its existing credit facilities.
The Nasdaq listed firm said it wants to use the senior secured facilities so it can incur up to US$900m of additional term loans which will be used to…
US ISP and telco Windstream has asked its lenders to amend and restate its existing credit facilities.
The Nasdaq listed firm said it wants to use the senior secured facilities so it can incur up to US$900m of additional term loans which will be used to repay the revolver.
It will also use the facilities for general corporate purposes.
JP Morgan is the lead arranger, according to a company spokesperson.
Windstream expects to complete the amendment and restatement next month.
According to its website, Windstream has US$8.7bn of debt with a Moody’s rating of Ba2 stable, an S&P rating of BB- stable and a Fitch rating of BB+ stable.
