Davis Polk & Wardwell LLP advised Banc of America Securities LLC and Wells Fargo Securities, LLC as joint book-running managers on a Rule 144A/Regulation S offering of $700 million 7.875% senior notes due 2017 by Windstream Corporation.

Based in Little Rock, Arkansas, Windstream is an S&P 500 company that provides phone, high-speed Internet and high-definition digital TV services to customers in 16 states. The company also offers a wide range of IP-based voice and data services and advanced phone systems and equipment to businesses and government agencies. The company has approximately 3 million access lines and about $3.1 billion in annual revenues.

The Davis Polk capital markets team included partner Michael Kaplan, associates Jean Weng and Sonal Jain and legal assistants Natalie Chan and Devin Chadderton. The tax team included partner Harry Ballan and associate Rhiannon Nakano (not yet admitted). Counsel Betty M. Huber provided environmental advice. All members of the Davis Polk team work in the New York office.