Windstream Refinancing Actions Lower Interest Costs and Improve Debt Maturity Profile

Windstream Refinancing Actions Lower Interest Costs and Improve Debt Maturity
Profile

LITTLE ROCK, Ark., Jan. 23, 2013 (GLOBE NEWSWIRE) -- Windstream Corp.
(Nasdaq:WIN) announced today that it had incurred $1.345 billion in term loans
under its existing senior secured credit facilities, the proceeds of which
were used to repay approximately $300 million of outstanding term loans due in
July 2013 and approximately $1.045 billion of outstanding term loans due in
December 2015.

"Today's debt refinancing lowers our interest costs and significantly reduces
our near-term maturities, strengthening our balance sheet and providing
further support for our dividend," said Tony Thomas, chief financial officer
and treasurer of Windstream.

This press release is for informational purposes only and is not an offer to
buy or the solicitation of an offer to sell any securities of Windstream.

About Windstream

Windstream Corp. (Nasdaq:WIN) is a leading provider of advanced network
communications, including cloud computing and managed services, to businesses
nationwide. The company also offers broadband, phone and digital TV services
to consumers primarily in rural areas. Windstream has more than $6 billion in
annual revenues and is listed on the S&P 500 index.

The Windstream Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8314

Forward-Looking Statements

Certain statements contained in this press release may constitute
forward-looking statements. Forward-looking statements are subject to
uncertainties that could cause actual future events and results to differ
materially from those expressed in the forward-looking statements. These
forward-looking statements are based on estimates, projections, beliefs, and
assumptions that Windstream believes are reasonable but are not guarantees of
future events and results. Actual future events and results of Windstream may
differ materially from those expressed in these forward-looking statements as
a result of a number of important factors, including those described in
filings by Windstream with the Securities and Exchange Commission, which can
be found at www.sec.gov.

CONTACT: Media Relations Contact:
         David Avery, 501-748-5876
         david.avery@windstream.com
        
         Investor Relations Contact:
         Mary Michaels, 501-748-7578
         mary.michaels@windstream.com

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