Telecom
Windstream to Borrow $1.3 Billion From Bond and Loan Market
- Debt includes a $500 million term loan, $800 million of notes
- Risky borrowers are bringing wave of deals before US elections
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Telecommunications provider Windstream Holdings, Inc. has launched a $1.3 billion debt package to refinance existing loans.
The deal includes a $500 million seven-year term loan and $800 million of senior secured first-lien notes, according to people familiar with the matter who aren’t authorized to speak publicly and asked not to be identified. JPMorgan Chase & Co. is leading the transactions.