Windstream exchanges half of CS&L equity stake to reduce debt
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Windstream's (WIN) CS&L Stake Sale is Credit-Positive Move - Moody's
June 16, 2016 7:43 AM EDTMoody's Investors Service said that Windstream Services, LLC ("Windstream" or "the company") recent announcement that it would monetize 50% of its ownership in Communications Sales & Leasing (Nasdaq: CSAL), raising $309 million is credit positive but does not impact its ratings. The proceeds of the transaction will be used to pay down a portion of the outstanding balance on the company's revolving credit... More
