Windstream Corporation

Windstream Corporation announced Monday that it’s pricing a 7.75 percent $500 million private placement senior-note bond issue due Oct. 1, 2021 at an issue price of 103.5 percent to yield 7.171 percent.
The bond issue is planned to finance a buyback, also announced Monday, of the Arkansas-based telecommunications company’s outstanding 7 percent senior notes due in 2019. The new issue is expected to close Aug. 26.
Windstream shares on Tuesday were trading at $8.24, down 10 cents.