logo


Windstream Announces Effectiveness of Amendment and Restatement of Senior Secured Credit Facilities
Monday, October 19, 2009 12:52 PM


(Source: Business Wire)trackingWindstream Corporation (NYSE: WIN) today announced the effectiveness of the previously announced amendment and restatement of its senior secured credit facilities.

Under the amendment and restatement, (i) the maturity date of approximately $347.6 million of the revolving commitments will be extended from July 17, 2011, to July 17, 2013; (ii) the maturity date of approximately $168.9 million of the Term Loan A loans will be extended from July 17, 2011, to July 17, 2013; and (iii) the maturity date of approximately $1.078 billion of the Term B loans will be extended from July 17, 2013 to December 17, 2015. The original maturity dates continue to apply to approximately $152.4 million of revolving commitments, approximately $114.4 million of Term Loan A loans and approximately $290.5 million of Term Loan B loans.

This news 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.

About Windstream

Windstream Corporation is an S&P 500 company that provides phone, high-speed Internet and high-definition digital TV services to customers in 16 states. The company also offers a wide range of IP-based voice and data services and advanced phone systems and equipment to businesses and government agencies. The company has approximately 3 million access lines and about $3.1 billion in annual revenues. Windstream is ranked 4th in the 2009 BusinessWeek 50 ranking of the best performing U.S. companies.

Windstream claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. 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 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.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia