Windstream Prepares to Launch Exit Financing From Bankruptcy

Windstream Holdings Inc. is preparing to launch a financing package as early as next week to emerge from bankruptcy, according to people familiar with the matter.

• Windstream is holding a non-deal roadshow with investors this week, arranged by JPMorgan Chase & Co.
• The proposed financing includes the following:
  • Up to $750m of a new revolving credit facility
  • $1.65b of senior debt and $500m of junior debt
  • Both figures are preliminary and could change
  • Information according to the people familiar, who asked not to be named discussing a private transaction
• Representatives for Windstream and JPMorgan declined to comment
• NOTE: Windstream filed ...