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Broadband

Windstream brings more debt holders on board for reorganisation plan

Tuesday 17 March 2020 | 11:09 CET | News
Windstream, which filed for Chapter 11 reorganisation last year, has increased its participation cap of USD 430 million in the priority tranche rights offering, so that more debt holders can take part. To date, holders of an additional USD 667 million of first lien claims have signed up to the company's amended plan. This brings the total percentage of Windstream's first lien holders supporting the plan to 94 percent, along with over 54 percent of the second lien noteholders.

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Categories: Fixed
Companies: Windstream
Countries: United States
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