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