Windstream is a privately held communication and software company offering managed communication services to businesses and high speed internet to consumers.
$WIN Driven by our strategic sales growth and expense reductions, we continue to expect to exit 2018 with a 24% contribution margin in our Enterprise segment.
$WIN We are planning to double availability of 100 Mbps speed across our ILEC footprint by the end of the first quarter of next year to reach approximately 30% of our total ILEC households.
$WIN This most recent exchange allowed us to delever by point two times and reduced our overall debt by $227 million. Our pro forma net leverage is now 3.93x.
$WIN As a result of the exchanges, we were able to refinance $1.4 billion of debt which extended maturities by two years, on average, with no material bond maturities until 2023.