Windstream statement on court ruling in bondholder dispute
WINDSTREAM HOLDINGS (WIN)
Last windstream holdings earnings: 11/8 07:00 am
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US:NASDAQ Investor Relations:
investor.windstream.com
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Source: GlobeNewswire
LITTLE ROCK, Ark., Feb. 15, 2019 (GLOBE NEWSWIRE) -- Windstream Holdings, Inc. (NASDAQ: WIN) announced tonight that a federal judge in the Southern District of New York ruled against one of its subsidiaries, Windstream Services, LLC, regarding the 2015 spinoff of certain telecommunications network assets into a real estate investment trust (REIT) and its agreements with bondholders. The decision arose from challenges by Aurelius Capital Management and U.S. Bank National Association that the spinoff was invalid under the terms of those agreements. “We are disappointed in, and frankly surprised by, the ruling and will be taking immediate steps to pursue all available options, including post-trial motions and an appeal,” said Tony Thomas, president and chief executive officer. “Additionally, we will work with our creditors on the next course of action. Windstream provides critical voice and data services to customers across the U.S. We remain committed to serving them and ensuring the
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