Windstream may raise debt for Q-Comm purchase, or use cash and revolver borrowings

By Sara Rosenberg

New York, Aug. 17 - Windstream Corp. could choose to raise debt financing to help fund its acquisition of Q-Comm Corp., although it does have sufficient liquidity from cash and revolving credit facility availability to complete the transaction, according to a news release.

The acquisition is valued at about $782 million, including the repayment of around $267 million of debt, of which about $237 million will come from the issuance of common shares. The remaining $515 million will come from cash, revolver borrowings and/or new debt.

Closing is expected in the fourth quarter, subject to necessary approvals from federal and state regulators.

Windstream is a Little Rock, Ark.-based provider of phone, high-speed internet and high-definition digital TV services. Q-Comm is an Overland Park, Kan.-based fiber transport and competitive local exchange carrier.

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