Business

Windstream expands bond offer

Windstream, Lexington's local telephone provider, said Wednesday that it's expanding a bond offer it announced earlier this week.

The company will now offer $700 million in bonds instead of $600 million.

The 7.875 percent bonds would come due in 2017. Their sale is expected to be completed in late December.

The move is in addition to $400 million in bonds that Windstream recently issued that also are due in 2017.

Windstream plans to use the proceeds from the new issue to finance its previously announced purchase of NuVox Inc., a company that specializes in providing voice and data services to 90,000 business customers in 16 states, including Kentucky.

The remainder will be used for general corporate purposes, according to a company statement.

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