Key Developments: Windstream Corp (WIN.O)
8.71USD
11:58am EDT
$0.02 (+0.23%)
$8.69
$8.69
$8.75
$8.66
1,463,544
8,320,150
$11.04
$7.86
Latest Key Developments (Source: Significant Developments)
Windstream Corp Declares 25-Cent Quarterly Dividend
Windstream Corp announced that Board Of Directors declared a quarterly dividend of 25-cents per share on the Company's common stock. The dividend is payable July 15, 2013, to stockholders of record as of June 28, 2013. Full Article
Windstream Corp Secures Federal Government GSA Local Services Acquisition Contract
Windstream Corp announced that the General Services Administration (GSA) of the U.S. Federal Government has awarded it a contract to provide voice, Internet and data services. The contract represents multi-million dollar potential revenue annually, covering GSA's Region 6, which is known as the Heartland Region and includes Iowa, Nebraska, Missouri, and Kansas. The term of the contract is five years and runs through fiscal year 2016. Full Article
Windstream Corp Announces Appointment Of Chairman
Windstream Corp announced that it has made changes to certain Board leadership positions. The Board of Directors announced the appointment of Jeffrey T. Hinson as Chairman of the Board, effective May 1, 2013. Hinson qualifies as an independent Director, and this appointment will continue Windstream's practice of separating the positions of Chief Executive Officer (CEO) and Chairman. Hinson succeeds Dennis E. Foster, who has served as Chairman since 2010. Foster will continue as a member of the Board and to serve on the Board's compensation committee. Full Article
Windstream Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Comments On FY 2013 OIBDA Guidance
Windstream Corp announced that it expects growth in business revenue and consistent trends in consumer revenue to largely offset declines in wholesale revenue such that total revenue in fiscal 2013 is within a range of a 2% decline to a 1% increase as compared to fiscal 2012 total revenue. The Company expects adjusted OIBDA to be within a range of a 3% decline to a 1% increase versus fiscal 2012 adjusted OIBDA. The Company reported revenue of $6.16 billion and adjusted OIBDA of $$2.389 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $6.17 billion for fiscal 2013. Full Article
Windstream Corp Declares 25-Cent Quarterly Dividend
Windstream Corp announced that board of directors declared regular quarterly dividends on the Company's common stock.The 25-cent dividend is payable April 15, 2013, to stockholders of record as of March 29, 2013. Full Article
Windstream Corp Prices Private Offerings Of $700 Million Of 6.375% Senior Notes Due 2023
Windstream Corp announced the pricing of a private placement of $700 million aggregate principal amount of 6.375% senior unsecured notes due August 1, 2023, at an issue price of 100.00% to yield 6.374%. The offering is expected to settle on January 23, 2013, subject to customary closing conditions. Windstream intends to use the net proceeds of the offering, together with available cash, if required, to pay the consideration for the tender offer and consent solicitation announced by Windstream today to purchase for cash any and all of the outstanding $650 million aggregate principal amount of 8.875% Senior Secured Notes due 2017 (the PAETEC Notes) issued by PAETEC Holding Corp., a wholly-owned subsidiary of Windstream, together with related fees and expenses. To the extent that holders of less than $650 million in aggregate principal amount of the PAETEC Notes tender their notes, Windstream intends to use the remaining net proceeds of the notes offering to either redeem all or a portion of the remaining outstanding PAETEC Notes or for general corporate purposes. Full Article
Windstream Corp Announces Proposed Private Offering Of $700 Million Of Senior Notes
Windstream Corp announced that it intends to offer in a private placement $700 million aggregate principal amount of senior unsecured notes that will mature in 2023 and bear interest at a fixed rate. The offering is expected to be completed before the end of January 2013. If the offering is successfully placed, Windstream intends to use the net proceeds of the offering, together with available cash, if required, to pay the consideration for the tender offer and consent solicitation announced by Windstream to purchase for cash any and all of the outstanding $650 million aggregate principal amount of 8.875% Senior Secured Notes due 2017 (the PAETEC Notes) issued by PAETEC Holding Corp., a wholly-owned subsidiary of Windstream, together with related fees and expenses. To the extent that holders of less than $650 million in aggregate principal amount of the PAETEC Notes tender their notes, Windstream intends to use the remaining net proceeds of the notes offering to either redeem all or a portion of the remaining outstanding PAETEC Notes or for general corporate purposes. Full Article
Windstream Corp Reaches Agreement With State Of Oklahoma
Windstream Corp announced that it has entered into an agreement with the state of Oklahoma to dismiss bribery and conspiracy charges contained in an indictment returned by a state grand jury in August. The charges stemmed from a customer event that Windstream hosted at the 2007 NCAA Final Four men's basketball championship for business customers, including the Broken Arrow School District. The Company denied any wrongdoing but entered into today's agreement in the interest of reaching a compromise acceptable to it and to the state. As part of the agreement, Windstream pledged to take certain steps affirming its commitment to full compliance with all federal, state and local laws. Full Article
Windstream Corp Secures Contract
Windstream Corp announced that the Carolinas Center for Oral and Facial Surgery has chosen the Company to provide managed network and cloud computing services that meet the Center's expanding needs. Full Article
Windstream Corp Reaffirms Q4 2012 EBITDA Guidance; Issues FY 2012 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Windstream Corp announced that for the fourth quarter of 2012, it continue to expect considerable improvement in adjusted OIBDA sequentially and expect fiscal 2012, adjusted OIBDA to be in the range of $2.41 billion to $2.43 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $617.37 million for the fourth quarter of 2012; EBITDA of $2.41 billion for fiscal 2012. Full Article
BRIEF-Windstream shares down following results
NEW YORK, May 9 - Windstream Corp : * Shares down 3.9 percent in premarket trade following results
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
