LITTLE ROCK, Ark., Jan. 9, 2013 (GLOBE NEWSWIRE) -- Windstream Corp. (Nasdaq:WIN) today announced steps to refinance an additional $1 billion of its debt due in 2015.
Windstream announced on Tuesday, Jan. 8, that the company was seeking to obtain $300 million in term loans under its existing senior secured credit facilities to refinance existing term loans that mature in July 2013. Windstream now is seeking to obtain a total of up to $1.345 billion in term loans under its existing senior secured credit facilities to refinance existing term loans that mature in July 2013 and December 2015. Windstream expects to acquire the term loans before the end of January, subject to market and other conditions.
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 of Windstream.
Windstream Corp. (Nasdaq:WIN) is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream has more than $6 billion in annual revenues and is listed on the S&P 500 index.
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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 additional term loans described in this press release, are based on estimates, projections, beliefs, and assumptions that Windstream believes are reasonable but are not guarantees of future events and results. Actual future events and results of Windstream 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 with the Securities and Exchange Commission, which can be found at www.sec.gov.