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S&P affirms Windstream
Standard & Poor's said it assigned its issue-level and recovery ratings to Windstream Corp.'s proposed $500 million of senior notes due 2020 to be issued under rule 144A with registration rights.
The agency said it rated the notes B+ with a recovery rating of 5.
At the same time, the agency said it affirmed all other ratings on Windstream, including the BB- corporate credit rating.
The outlook is stable.
According to the agency, the company said it will use proceeds, coupled with cash on hand, to fund the acquisition of privately held Q-Comm Corp.
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