Windstream completes sale of bonds

Windstream, a local telephone provider, announced Monday that it has completed the sale of $200 million in bonds to help pay for a cash tender offer it announced earlier this month to retire $400 million of notes due in 2015 that were issued by its Valor Telecommunications Enterprises and Valor Telecommunications Finance subsidiaries.

The offer expires at midnight Feb. 4. The new 7.75 percent notes will come due in 2020, according to a news release.

Windstream was formed in 2006, when Alltel spun off its land-line business and combined it with Valor Communications Group.