Replies to post #9073 on Windstream Holdings Inc. (fka WINMQ)

[tutt1126]

Windstream's plan is to use the chapter 11 filing to reorganize its debt, specifically the debt accelerated by the court decision. The company remains committed to operating as usual, and has secured $1B of debtor-in-possession financing from Citigroup to tide it through the process.

[tutt1126]

Windstream $1 Billion Debtor-in-Possession Financing

https://www.davispolk.com/news/windstream-1-billion-debtor-possession-financing

[tutt1126]

Shareholders will be ok . Windstream does not want to put personal assets of the stockholders at risk by filing chapter 11 to reorganize to eliminate the debt of 6.5 billion dollars through DEBTOR IN POSSESSION.