Windstream, a Lexington telephone provider, announced a series of bond moves Wednesday.
The company first announced a cash tender offer to buy up to $600 million of its 8.625 percent notes due in 2016. The offer expires at midnight March 29.
Windstream also announced that it will offer $600 million in bonds due in 2023 and intends to use the proceeds to pay the tender offer. The offering is expected to be done in mid-March.