Replies to post #9013 on Windstream Holdings Inc. (fka WINMQ)

[sharing4u]

rokkdatstock,
Thx for your prompt reply.

Docket 1533 1st PSA(Plan Support Agreement) 3-2-2020
Docket 1559 1st Amendment to PSA 3-9-2020
Docket 1584 2nd Amendment to PSA 3-13-2020

New Exit Facility: $3250M(Million) - $2500M Term Laon
and $750M Revolving Credit

Total reorganization financing: $3250M+$1250M=$4500M($4.5B)
So $4.5B is quite close to about $4.0B unsecured debt purged plus certain administration fees in bk.

There is a balance of $500M equity interest(new common share) after 1st Lien Group equity financing.
What is the purpose of these $500M shares?

Old common share is about 43M, new common share should be close to it:50M
Plan Equity Value $1250M/50M shares=$25.

My guess conclusion is: There will be 50M new common share priced at $25.

I am new to the game in winmq and being knowledge limited.
Please comment and share your thoughts. (IMHO)

[ilovetolose1]

They’re still here - surprised it’s still at .07. 1 thing is for sure wallstreet wants rural internet.