Windstream Services, LLC -- Moody's says Windstream's planned acquisition of EarthLink does not impact the ratings of either company

New York, November 07, 2016 -- Moody's Investors Service, ("Moody's") said that Windstream Services, LLC ("Windstream") announcement of a definitive agreement to purchase EarthLink Holdings Corp. ("EarthLink") will not immediately impact the ratings of either company. Windstream (B1 stable) plans to acquire EarthLink (B2 stable) in an all-stock merger valued at approximately $1.1 billion, including EarthLink's existing debt. At transaction close, Windstream plans to repay all of EarthLink's existing debt, at which time Moody's would withdraw all of EarthLink's ratings.

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