Daily News: July 23, 2012

Windstream Seeks to Amend, Restate Existing Credit Facilities

Windstream Corp. announced that it is seeking the consent of requisite lenders to amend and restate its existing senior secured credit facilities to, among other things: (i) provide for the incurrence of up to $900 million of additional term loans, the proceeds of which will be used to repay the credit facility revolver (without any reduction in commitments) and for general corporate purposes; and (ii) modify certain other definitions and provisions.

The company expects to complete the amendment and restatement in August 2012.

Windstream Corp. is a provider of advanced network communications, including cloud computing and managed services, to businesses nationwide.

Previously on abfjournal.com:

Windstream Obtains Consent to Amend Credit Facilities, Friday, February 24, 2012