Windstream Announces Redemption of $150M in Its Subsidiary's 9.5% Senior Notes Due 2015
Windstream Corp. (Nasdaq: WIN) announced today that its wholly owned subsidiary, PAETEC Holding Corp., is calling for redemption all of the $150.0 million aggregate principal amount of its outstanding 9.5% Senior Notes due 2015 (the "Notes") on February 21, 2012, at a redemption price payable in cash that is equal to $1,047.50 per $1,000 principal amount of Notes, plus accrued and unpaid interest to, but excluding, the redemption date.
A notice of redemption is being sent to all currently registered holders of the Notes by The Bank of New York Mellon, the trustee under the indenture governing the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firms or financial institutions that hold Notes on their behalf.
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