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.
Sign Up and Save
Get six months of free digital access to the Lexington Herald-Leader
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.