Windstream plans $280 million of incremental term loans in February

By Sara Rosenberg

New York, Feb. 9 - Windstream Corp. is looking to amend and restate its senior secured credit facility to get $280 million of additional term loans, according to a news release.

Proceeds will be used to pay down revolver borrowings.

In addition, the company is looking to extend the maturity of some existing term loans.

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

The company expects to complete the amendment and restatement this month.

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

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