Business

Windstream issuing bonds

Windstream, Lexington's local telephone provider, announced Monday it will offer $400 million in bonds for sale in a private placement. The 8.125 percent notes would come due in 2018 and the proceeds will be used to repay $300 million of outstanding debt from Windstream's revolving credit facility and for general corporate purposes, according to a company statement.

In 2009, Windstream issued $1.1 billion in bonds due in 2017 to help finance acquisitions of D&E Communications, Lexcom and NuVox.

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