Windstream Corporation announced that it has successfully completed its previously announced private offering of $700 million aggregate principal amount of 6.375% senior unsecured notes due August 1, 2023. 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 on January 8, 2013 to purchase for cash any and all of the outstanding $650 million aggregate principal amount of 8.875% Senior Secured Notes due 2017 issued by PAETEC Holding Corp.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, together with available cash, to redeem all of the remaining outstanding PAETEC Notes.