Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations - S&P Global Ratings’ Credit Research

Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations

Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations - S&P Global Ratings’ Credit Research
Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations
Published Nov 29, 2017
3 pages (1228 words) — Published Nov 29, 2017
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Abstract:

NEW YORK (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings said today that its corporate credit rating and outlook on Little Rock, Ark.-based telecommunications provider Windstream Holdings Inc. and issue-level ratings at wholly-owned subsidiary Windstream Services LLC are not immediately affected by the company's announcement of new exchange offers and consent solicitations. Windstream is now offering to exchange about $120 million of 7.50% senior unsecured notes due 2022 for new 6.375% senior unsecured notes due 2023. The company is also offering to exchange about $628 million of 7.75% senior unsecured notes due 2021 and about $274 million of 7.50% senior unsecured notes due 2022 for new 8.75% senior unsecured notes due 2024. In addition to the exchange offers, Windstream has

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings said today that its corporate credit rating and outlook on Little Rock, Ark.-based telecommunications provider Windstream Holdings Inc. and issue-level ratings at wholly-owned subsidiary Windstream Services LLC are not immediately affected by the company's announcement of new exchange offers and consent solicitations. Windstream is now offering to exchange about $120 million of 7.50% senior unsecured notes due 2022 for new 6.375% senior unsecured notes due 2023. The company is also offering to exchange about $628 million of 7.75% senior unsecured notes due 2021 and about $274 million of 7.50% senior unsecured notes due 2022 for new 8.75% senior unsecured notes due 2024. In addition to the exchange offers, Windstream has also launched consent solicitations with respect to the 2021 and 2022 notes seeking consents of at least 50% of noteholders to waive alleged defaults relating to the spin-off of Uniti Group and amend indentures...

  
Report Type:

Bulletin

Issuer
Windstream Holdings Inc.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations" Nov 29, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Windstream-Holdings-Inc-Ratings-Are-Unaffected-By-New-Exchange-Offers-And-Consent-Solicitations-1958253>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Windstream Holdings Inc. Ratings Are Unaffected By New Exchange Offers And Consent Solicitations Nov 29, 2017. 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-New-Exchange-Offers-And-Consent-Solicitations-1958253>
  
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