NEW YORK (S&P Global Ratings) Sept. 9, 2016--S&P Global Ratings said today that its ratings on Little Rock, Ark.-based telecommunications service provider Windstream Holdings Inc. (Windstream), including the 'B+' corporate credit rating, are not affected by the company's announcement that it will add on $100 million to its existing $599 million outstanding senior secured term loan B-6 due 2021, issued out of wholly-owned subsidiary Windstream Services LLC. We expect the company will use net proceeds from the incremental term loan along with revolver borrowings to redeem all outstanding $369 million 7.875% senior unsecured notes due in 2017. Our 'B+' corporate credit rating and stable outlook are not affected by the transaction since we expect it to be leverage-neutral, despite some
