Reduced Debt by More Than $4 Billion and Has Access to Approximately $2 Billion in New Capital to Fuel Sustainable Growth and Value Creation
Windstream Holdings, a communications and software company, today announced that the company has successfully completed its financial restructuring process as a privately held company. Through this process, the company has reduced its debt by more than $4 billion, or approximately two-thirds, and now has access to approximately $2 billion in new capital. With an enhanced capital structure, Windstream is now well-positioned to continue making substantial network and software investments, fuel sustainable growth and drive value for all its stakeholders.
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Windstream President & CEO Tony Thomas (Photo Credit: Karen E. Segrave)
“Today marks the start of a new era for Windstream as an even stronger, more competitive company,” said Tony Thomas, president and chief executive officer