Thread regarding Windstream Corp. layoffs

Windstream restructuring gets court approval

https://seekingalpha.com/news/3586337-windstream-restructuring-gets-court-approval

Windstream Holdings' (OTCPK:WINMQ) restructuring plan has been approved in court, and the company now expects to emerge from Chapter 11 bankruptcy in August as a privately held company, with the backing of Elliott Management.

That will result in cutting debt by more than $4B (about two-thirds) - wiping out junior bondholders - and gaining access to about $2B in new investment capital.

“We look forward to beginning this new chapter for Windstream," says CEO/President Tony Thomas. "When we emerge, our lenders will become our new owners and strategic partners and are aligned with our long-term strategy and mission to deliver quality and reliable services. As a private company, Windstream will have increased flexibility to invest in our network, accelerate our transformation and return to growth."

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| 1115 views | | 5 replies (last )
Post ID: @OP+15D6hrTT

5 replies (most recent on top)

You'd get better results replacing that piece of trash with a chimp.

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Post ID: @9wpp+15D6hrTT

I doubt they'll keep that d—beat around. Serious people in a way different league.

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Post ID: @1hwq+15D6hrTT

I think TT is actually now going to start toeing the Elliott line, or he’s just delusional!! He’ll be in his cubicle at unity before Christmas!!!

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Post ID: @1zoh+15D6hrTT

I guess TT has never Googled Elliot Management.

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Post ID: @gbk+15D6hrTT

Basically we are all hosed come August. Get your LinkedIn and resume updated.

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Post ID: @afh+15D6hrTT

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