Windstream (NASDAQ:WIN), a provider of phone, high-speed Internet and HD digital TV, said Wednesday it plans to offer $500 million in senior notes due 2020 to help pay for its acquisition of Q-Comm.

The private placement offering is expected to be completed by early October, pending market conditions.

The Little Rock, Arkansas company said it expects to use the proceeds, along with cash on hand, to fund its acquisition of Q-Comm, including the cash portion of the purchase price, transaction fees and expenses, and repayment of outstanding Q-Comm debt.

Last month, Windstream agreed to buy Overland Park, Kansas-based Q-Comm, a privately held regional fiber transport ad competitive local exchange carrier, for $782 million in cash and stock.

The transaction, which was approved by both boards, is expected to close in the fourth quarter of this year.