Windstream Completes $580 Million Term Loan, Extending Maturity to 2024
February 17 2017 - 10:00AM
Windstream Holdings, Inc. today announced that its wholly-owned
subsidiary, Windstream Services, LLC (Windstream), completed a $580
million term loan due in February 2024 under its existing senior
secured credit facilities. The proceeds were used to refinance
existing term loans maturing in August 2019 and/or repay certain of
its other debts.
“We were very pleased to see strong investor demand in this
transaction. As a result of this financing, we have no debt
maturities until 2020,” said Christie Grumbos, Windstream
treasurer.
This press release is for informational purposes only and is not
an offer to buy or the solicitation of an offer to sell any
securities, loans or indebtedness of Windstream or Windstream
Holdings, Inc.
About Windstream
Windstream Holdings, Inc. (NASDAQ:WIN), a FORTUNE 500 company,
is a leading provider of advanced network communications and
technology solutions for consumers, businesses, enterprise
organizations and wholesale customers across the U.S. Windstream
offers bundled services, including broadband, security solutions,
voice and digital TV to consumers. The company also provides data,
cloud solutions, unified communications and managed services to
business and enterprise clients. The company supplies core
transport solutions on a local and long-haul fiber network spanning
approximately 129,000 miles. Additional information is available at
windstream.com. Please visit our newsroom at news.windstream.com or
follow us on Twitter at @Windstream.
Forward-Looking Statements
Certain statements contained in this press release may
constitute forward-looking statements. Forward-looking statements
are subject to uncertainties that could cause actual future events
and results to differ materially from those expressed in the
forward-looking statements. These forward-looking statements,
including with respect to Windstream’s ability to incur the
incremental term loans described in this press release, and incur
them on the terms set forth herein, are based on estimates,
projections, beliefs, and assumptions that Windstream and
Windstream Holdings, Inc. believe are reasonable but are not
guarantees of future events and results. Actual future events and
results may differ materially from those expressed in these
forward-looking statements as a result of a number of important
factors, including those described in filings by Windstream and
Windstream Holdings, Inc. with the Securities and Exchange
Commission, which can be found at www.sec.gov.
Media Contact:
David Avery, 501-748-5876
david.avery@windstream.com
Investor Contact:
Christie Grumbos, 501-748-3666
christie.grumbos@windstream.com