Windstream to pay down revolver borrowings with senior notes proceeds

By Sara Rosenberg

New York, July 12 - Windstream Corp. plans on repaying the outstanding debt under its revolving credit facility using proceeds from a $400 million senior notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes.

The notes offering is expected to be completed by the end of this month.

Windstream is a Little Rock, Ark.-based communications company.

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