New York, November 30, 2015 -- Moody's Investors Service ("Moody's") said TierPoint, LLC's ("TierPoint") $30 million incremental first lien revolving credit facility due 2019, its $220 million incremental first lien term loan due 2021, and its $90 million incremental second lien term loan due 2022 have no impact on the company's ratings, including the B3 corporate family rating and the stable outlook. The proposed incremental facilities have no impact on the company's existing first lien credit facilities rated B2 and the existing second lien term loan rated Caa2. The proceeds from the incremental term loans, along with $329 million of new cash equity, will be used to fund the acquisition of Windstream Hosted Solutions, LLC ("WHS"). The deal is expected to close in December 2015.
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