September 30, 2009 (FinancialWire) — Windstream Corp. (NYSE: WIN) has priced a private placement of $400 million of its 7.875% senior notes due November 1, 2017 at an issue price of 98.531% to yield 8.125%. The offering is scheduled to settle on October 8.

The company plans to use the net proceeds, together with cash on hand, to finance the cash component of the purchase price of its acquisitions of D&E Communications and Lexcom, to refinance certain indebtedness of D&E in connection with the acquisition, to pay related transaction fees and expenses and for general corporate purposes.

Little Rock, Arkansas-based Windstream provides phone, high-speed Internet and high-definition digital TV services to customers in 16 states. The company also offers -based voice and data services and advanced phone systems and equipment to businesses and government agencies.

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