08.01.2013 16:52
Bewerten  
 (0)
0 Kommentare
Senden

Windstream Corporation -- Moody's assigns ratings to Windstream's new debt; outlook changed to negative

New York, January 08, 2013 -- Moody's Investors Service has assigned a Baa3 (LGD2-13%) rating to Windstream Corporation's ("Windstream", or the "Company") proposed $300 million Term Loan B-4 due 2020 and a Ba3 (LGD5-75%) rating to its proposed $700 million senior unsecured notes due 2023. The proceeds will be used to refinance $300 million of term loan debt that matures in 2013 and $650 million face value of 8.875% senior secured PAETEC notes due 2017. As part of the rating action, Moody's has also changed the company's outlook to negative from stable due to the lack of progress in reducing leverage and Moody's view that the company's competitive position may be undermined by its shareholder friendly capital allocation stance.

Vollständigen Artikel bei Moodys lesen

Artikel empfehlen?
Für den Live-Chat können Sie sich mit Ihrem finanzen.net-, Facebook- oder Twitter Account anmelden. Um immer die neusten Beiträge zu sehen, stellen Sie bitte "Neuesten" ein.

Private Krankenversicherung Tarifvergleich




Unsere siegreichen DFB-Kicker erhalten für ihren WM-Sieg die Rekord-Prämie von 300.000 Euro pro Mann. Halten sie dies für angenessen?

Anzeige