Windstream Corp. (Nasdaq:WIN) announced that it had obtained the consent of the requisite lenders to amend and restate its existing senior secured credit facilities.

Among other things, the amendment and restatement: (i) provide for the incurrence of $900 million of additional term loans, the proceeds of which will be used to repay the credit facility revolver (without any reduction in commitments) and for general corporate purposes; and (ii) modify certain other definitions and provisions. The additional term loans create sufficient liquidity to refinance the debt maturing in 2013 without further need to raise incremental capital.

Windstream Corp. (Nasdaq:WIN) is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream has more than $6 billion in annual revenues and is listed on the S&P 500 index.