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Fitch gives Windstream notes BB+
Fitch Ratings said it has assigned a BB+ rating to Windstream Corp.'s proposed offering of $400 million of senior unsecured notes due 2017.
Windstream's issuer default rating is BB+ and the outlook is stable, the agency said.
According to Fitch, the company is expected to use the proceeds from the offering to fund the cash portion and other expenses associated with pending acquisitions as well as for general corporate purposes.
Concurrent with the senior note offering, the company is seeking certain amendments to its senior secured credit facilities, which are rated BBB-, as well as extend their maturities, Fitch noted.
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