Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint - S&P Global Ratings’ Credit Research

Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint

Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint - S&P Global Ratings’ Credit Research
Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint
Published Oct 19, 2015
Published Oct 19, 2015
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Abstract:

NEW YORK (Standard&Poor's) Oct. 19, 2015--Standard&Poor's Ratings Services today said its 'BB-' corporate credit rating and all other ratings on Little Rock, Ark.-based Windstream Holdings Inc. are not immediately affected by the announcement that Windstream reached an agreement to sell its data center business to TierPoint for $575 million. According to the company, the data center assets account for about $122 million of revenue and $40 million of EBITDA, or roughly 2% of last-12-months EBITDA (before the lease payment). The 'BB-' corporate credit rating, and all other ratings, remain on CreditWatch with negative implications, where we placed them on Aug. 6, 2015. We expect the company will use a portion of the proceeds from the sale

  
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Bulletin

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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint" Oct 19, 2015. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Windstream-Holdings-Inc-Ratings-Are-Unaffected-By-Its-Plan-To-Sell-Its-Data-Center-Business-To-TierPoint-1467000>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By Its Plan To Sell Its Data Center Business To TierPoint Oct 19, 2015. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Windstream-Holdings-Inc-Ratings-Are-Unaffected-By-Its-Plan-To-Sell-Its-Data-Center-Business-To-TierPoint-1467000>
  
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