Windstream gets lender OK on facility amendment and restatement

By Sara Rosenberg

New York, Feb. 23 - Windstream Corp. has received lender approval of the amendment and restatement of its existing senior secured credit facility, which provides for a new $280 million term loan A-3 (BB+), according to a news release.

Proceeds will be used to pay down revolver borrowings.

In addition, the amendment provides for the extension of the maturity of some existing term loans.

Furthermore, the amendment gives the company the ability to refinance and extend the maturity of any term loan or revolving loan with the consent of the affected lenders.

Windstream is a Little Rock, Ark.-based provider of advanced network communications, including cloud computing and managed services to businesses.

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