Thursday, February 28, 2019 3:06:29 PM
Windstream files for Chapter 11 bankruptcy following a court ruling finding Windstream in default to its bondholders.
Windstream has to decide whether to accept or reject its lease agreement with Uniti, which grants it access to Uniti’s network and assets that Windstream relies on for its operations.
A negotiation to lower the rent payments on the lease could potentially allow Windstream to continue its operations, but would represent a substantial decrease in cash flow for Uniti.
There could be other forms of compensation Windstream could offer to Uniti.
However, there is still a material chance that Windstream will not receive favorable rulings in the courts or that it will not be able to reorganize successfully.
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