Windstream plans to draw down on revolver for Broadview acquisition

By Wendy Van Sickle

Columbus, Ohio, April 13 – Windstream Holdings Inc. plans to draw down on its revolving credit facility to fund part of its acquisition of Broadview Networks Holdings, Inc., according to a press release.

Windstream will also use cash reserves in its acquisition of Broadview, in an all-cash transaction that is valued at $227.5 million and is expected to close in the third quarter of 2017.

Windstream is a Little Rock, Ark.-based provider of advanced communication and broadband, phone and digital TV services. Broadview is a Rye Brook, N.Y.-based provider of cloud-based unified communications solutions to small and medium-sized businesses.

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