The early tender and expiration date on an offer to exchange 7.75% senior notes due 2020 for new 9.375% senior second-lien notes due 2024 has been moved nearly a week later, to July 26. And the company has increased the interest rate on the new notes to 10.5% from 9.375%.
On its multi-tranche exchange offers -- to exchange 7.75% senior notes due 2021, 7.50% senior notes due 2022, 7.50% senior notes due 2023, 6 3/8% senior notes due 2023 and 8.75% senior notes due 2024 -- the company's also moving their early tender and expiration date to July 26. All other terms are unchanged.
Windstream Friday fell 0.4% to close at $4.52; Uniti Group (NASDAQ:UNIT) rose 0.3% to end at $21.70.
Now read: Uniti Means Opportunity »
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