Legal DealFolio - Windstream Corporation High-Yield Notes Offering

Davis Polk advised Wells Fargo Securities, LLC, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Mitsubishi UFJ Securities (USA), Inc., Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey, Inc. as joint book-running managers on a Rule 144A/Regulation S offering of USD700 million aggregate principal amount of 6.375% senior notes due 2023 by Windstream Corporation. We also advised Wells Fargo Securities, LLC as sole dealer manager in connection with a tender offer by Windstream Corporation to purchase outstanding notes previously issued by its wholly owned subsidiary, PAETEC Holding Corp., and a related consent solicitation. The tender offer will be funded in part with the proceeds of the notes offering. The Davis Polk capital markets team included partner Michael Kaplan, associate Peter E. Devlin and law clerk Michael Crowley. Partner Samuel Dimon and associate Changsheng (Eric) Song provided tax advice. The environmental team included counsel Betty Moy Huber and law clerk Leah Cowdrey. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	23-01-2013	Practice Area:	Debt Capital Markets
Deal Title:	Windstream Corporation High-Yield Notes Offering	Industry:	Mobile Telecommunications
Description:	Davis Polk advised Wells Fargo Securities, LLC, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Mitsubishi UFJ Securities (USA), Inc., Morgan Stanley & Co. LLC and SunTrust Robinson Humphrey, Inc. as joint book-running managers on a Rule 144A/Regulation S offering of USD700 million aggregate principal amount of 6.375% senior notes due 2023 by Windstream Corporation. We also advised Wells Fargo Securities, LLC as sole dealer manager in connection with a tender offer by Windstream Corporation to purchase outstanding notes previously issued by its wholly owned subsidiary, PAETEC Holding Corp., and a related consent solicitation. The tender offer will be funded in part with the proceeds of the notes offering. The Davis Polk capital markets team included partner Michael Kaplan, associate Peter E. Devlin and law clerk Michael Crowley. Partner Samuel Dimon and associate Changsheng (Eric) Song provided tax advice. The environmental team included counsel Betty Moy Huber and law clerk Leah Cowdrey. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	500.01-1000.00
Advised Party:	Issuer	Law Firm	Davis Polk
Issuer	United States	Listing	United States
Classification:	High-Yield Bonds	Lawyer	Michael Kaplan

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers