Windstream selling $500 million tap of its 7¾% notes due 2021 Monday

By Paul A. Harris

Portland, Ore., Aug. 12 - Windstream Corp. plans to price a $500 million add-on to its 7¾% senior notes due Oct. 1, 2021 (existing ratings B1/B) on Monday, according to a market source.

Goldman Sachs & Co., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., RBC Capital Markets and RBS Securities Inc. are the joint bookrunners for the Rule 144A and Regulation S deal.

Proceeds, together with available cash, if required, will be used to take out the 7% senior notes due 2019.

Windstream is a Little Rock, Ark.-based communications and technology company.

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