Windstream expected to make bankruptcy filing

26 Février, 2019, 04:21 | Auteur: Auguste Feret
  • Windstream's bankruptcy is tied to the 2015 spinoff of a company now called Uniti Group Inc

On Monday, the Wall Street Journal and Bloomberg reported that Windstream could filing bankruptcy protection as early as today.

Internet service provider Windstream, which provides Internet services for thousands in Lexington, has announced it has filed for bankruptcy.

In a statement released on the company's website, Windstream officials said it has filed Chapter 11 protections in the U.S. Bankruptcy Court for the Southern District of NY to reorganize the company and address the company's debt. This decision, according to the statement, accelerated the maturity rate of Windstream's existing debt. Tony Thomas, CEO of Windstream, said that his company is taking steps to ensure the long-term viability of the company and is working with creditors in the restructuring of the company.

Lionel Messi on the verge of breaking insane Cristiano Ronaldo record
Even Lionel Messi chose to speak about Brazilian's comeback and said that he would welcome him with open arms once again. The full interview will be aired on GloboTV next month.

Brexit: Talk of delay, but no conclusions
I've had a real sense from the meetings I've had here and the conversations I've had in recent days that we can achieve that deal. Prime Minister Theresa May holding a bilateral meeting with President of the European Commission Jean-Claude Juncker.

Umbrella Academy superfans have epic themed wedding complete with Black Parade
A 60-foot black umbrella provided the coolest canopy imaginable for Kat and Ducky when the pair married the afternoon after St. This means that the Umbrella Academy is heading into uncharted territory, which brings its own unique questions into the mix.

"I want to express my appreciation for the continued focus of the entire Windstream team as well as the loyalty and patience of our customers, vendors, channel partners and other stakeholders", Thomas said.

Based in Little Rock, Ark., Windstream Holdings is a FORTUNE 500 company offers broadband, entertainment and security services for consumers and small and medium-sized businesses primarily in rural areas in 18 states, including Iowa with offices in Newton.

U.S. District Court Southern District Judge Jesse Furman ruled February 15 in favor of hedge fund Aurelius Capital Management of NY, which alleged that Windstream's spinoff violated the terms of some of its outstanding bonds.

Conseillé:



Populaire

Australian Cardinal Pell convicted of child sex crimes
Pell, now 77 but 55 at the time, had just been named the most senior Catholic in Australia's second-largest city, Melbourne . Pell's lawyers have filed an appeal against the verdict on three grounds, which if successful could lead to a retrial.

Mark Hollis, chanteur du groupe Talk Talk, est mort
Le chanteur et le membre fondateur du célèbre groupe britannique " Talk Talk " est décédé ce lundi à l'âge de 64 ans. Né à Londres en 1955, Mark Hollis monte Talk Talk après la séparation de son premier groupe The Reaction , en 1979.

Des Français placés en quarantaine au Costa-Rica — Rougeole
Les parents ont expliqué que plusieurs enfants de l'école de leur fils avaient contracté la maladie avant leur départ. Pour quelle raison? Ils sont accusés d'avoir réintroduit dans ce pays d'Amérique centrale le virus de la rougeole.

MLB Insider Names 5 Teams Still In On Bryce Harper
The Phillies are gaining momentum with the 26-year-old outfielder, and perhaps they could soon close a deal. It is February 17 and finally the Manny Machado and Bryce Harper markets are beginning to heat up.

Janet Yellen says Trump doesn't understand what the Federal Reserve does
She said comments like that show a 'lack of understanding of the impact of the Fed on the economy and appropriate policy goals'. She was succeeded by Jerome Powell, who has found himself in the president's crosshairs as well.

Northern lower MI under Blizzard Warning through Monday
Wind chill values in Caribou could reach 20 degrees below zero Tuesday and drop to 3 degrees below zero in Portland. As of Monday morning, there were almost 8,000 homes without power in Northern Virginia, according to officials.

Oscars: ‘Spider-Man: Into the Spider-Verse’ Wins Best Animated Feature
The message read, "There's a hero in all of us, and we couldn't have done it without you". AMPAS voters chose Spider-Man: Into the Spider-Verse for Best Animated Feature Film.

It's Pleasing: Liverpool Superstar Responds After Draw With Manchester United
Second half I thought we were magnificent. "They've shown real character to come here, playing in a very hard stadium to dig out a result".

Horrifying Footage Captures Plane Swinging Wildly in Gibraltar Winds
Despite clear weather, wind speeds reached 37mph in Gibraltar today with stronger gales expected this evening. A British Airways flight was diverted Monday after strong winds caused the entire plane to sway.

Trump announces recovery of American hostage in Yemen
US citizen Danny Burch had been detained in Yemen and was later released to the third-party country in January of 2018. She said police later told her that Burch had been stopped by five armed men in civilian clothes who took him away.