Uniti Grp. Inc. (UNIT)

[leftovers]

Battered Windstream files for Chapter 11 bankruptcy
Feb. 25, 2019 1:41 PM
Windstream Holdings (NASDAQ:WIN) has filed a petition for Chapter 11 bankruptcy in the Southern District of New York.
Shares are still on a halt from earlier pending news, down 24.3%, but have been updated to "news disseminated" and don't yet have a resumption time set.
Uniti Group (NASDAQ:UNIT) -- linked to Windstream through a key master lease -- was down on earlier reports the filing was imminent, but has turned higher, up 2.1% and rising.

Windstream plans to use a court-supervised process to address the accelerated debt maturities coming from its default-trial loss against Aurelius. It's "committed to operating its business as usual" and has secured $1B from Citi in debtor-in-possession financing to support operations.