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NY court rules for Windstream bondholders against 2015 asset spinoff

Monday 18 February 2019 | 11:23 CET | News
A New York court has ruled against Windstream, regarding the company's 2015 spinoff of certain telecom network assets into an independent, publicly traded real estate investment trust (REIT). The transaction was challenged by bondholders Aurelius Capital Management and the US Bank National Association, which said the spinoff was invalid under the terms of agreements reached between the company and the bondholders. Windstream CEO Tony Thomas said he was surprised and disappointed with the ruling, and that it will taking immediate steps to pursue all available options, including post-trial

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Categories: Fixed
Companies: Windstream
Countries: United States
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