- In news over its series of exchange offers, Windstream Holdings (NASDAQ:WIN) notes the early tender date has passed for its exchange offers on 7.75% senior notes due 2021 and 7.5% senior notes due 2022, and its 7.5% senior notes due 2023.
- Withdrawal deadlines for the 2021/2022 exchange offers has expired. Windstream says it's received valid tenders on $537.64M of the 2021 notes (about 86% of outstanding) and $232.1M of the 2022 notes (about 85% of outstanding); it will accept those in exchange for about $832.6M in 8.75% senior notes due 2024.
- On the 2023 offer, it's received tenders on $68.21M in principal, making up 57% of outstanding notes; that offer is conditioned on valid tenders of $90M. The withdrawal deadline on that offer is being extended.
- Early settlement on the 2021/2022 offers is expected on or after Dec. 13; expiration date on each exchange offer is still 11:59 p.m. on Dec. 26.
- Uniti Group (NASDAQ:UNIT) today: +0.8%.
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