Bulletin: Windstream Holdings Inc. Ratings Are Unchanged On $150 Million Upsize To Senior Secured Notes - S&P Global Ratings’ Credit Research

Bulletin: Windstream Holdings Inc. Ratings Are Unchanged On $150 Million Upsize To Senior Secured Notes

Bulletin: Windstream Holdings Inc. Ratings Are Unchanged On $150 Million Upsize To Senior Secured Notes - S&P Global Ratings’ Credit Research
Bulletin: Windstream Holdings Inc. Ratings Are Unchanged On $150 Million Upsize To Senior Secured Notes
Published Nov 07, 2017
3 pages (1034 words) — Published Nov 07, 2017
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings said today that its 'BB-' issue-level and '1' recovery rating on Little Rock, Ark.-based telecommunications provider Windstream Holding Inc.'s (B/Negative/--) senior secured debt at wholly-owned subsidiary Windstream Services LLC is unchanged following the $150 million upsize to the company's previously planned $250 million add-on to its 8.625% senior secured notes due 2025. The '1' recovery rating indicates our expectation of very high (90% to 100%; rounded estimate: 95%) recovery in the event of payment default. In addition, our 'B-' issue-level and '5' recovery rating on Windstream Services LLC's senior unsecured debt is also unchanged. The '5' recovery rating indicates our expectation of modest (10% to 30%; rounded estimate: 20%) recovery

  
Brief Excerpt:

...Only a rating committee may determine a rating action and this report does not constitute a rating action....

  
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 Unchanged On $150 Million Upsize To Senior Secured Notes" Nov 07, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Windstream-Holdings-Inc-Ratings-Are-Unchanged-On-150-Million-Upsize-To-Senior-Secured-Notes-1944448>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Windstream Holdings Inc. Ratings Are Unchanged On $150 Million Upsize To Senior Secured Notes Nov 07, 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-Unchanged-On-150-Million-Upsize-To-Senior-Secured-Notes-1944448>
  
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