Thread regarding Windstream Corp. layoffs

Looks like SDWan is in trouble.

Lol. Two corporate bankrupcies. Are you a 2L law clerk?

@Y3zhPa8-mzr The list is a public document. There are no secret members. I'm sure they'll get an earful from other unsecured creditors.

Also, other unsecured can always file their own motions.

The committee simplifies getting various parties around the table to figure out a possible way forward.

@Y3zhPa8-anl : "You're the latest genius." Thanks - I need all the praise I can get.

As for risk, YOU'RE in all kinds of risk. I was just talking about your vendors.

I've been dragged through 2 corporate bankruptcies -- sorry folks here (some are my neighbors) are experiencing it now.

@Y3zhPa8-ppu: I'm not saying DIP financing is going to save Windstream, its employees, or even its creditors. I'm just addressing the comment about Velocloud.

DIP financing just pays vendor bills going forward while everybody figures out what to do with Windstream. Maybe there'll be a food fight afterwards like old Sears vs new Sears but it doesn't affect them.

Velocloud still has to consider other stuff -- like Windstream's reliability.

The list is probably a lot longer than what they are showing.

@smu we've been hearing from geniuses all along how there's no risk from the UNIT spinoff or from the Aurelius lawsuit. You're the latest genius.

Toys R Us obtained $3B in DIP financing in their Ch 11 and it didn't help them a bit. It's even more tenuous than what happened with Aurelius. The creditors in a DIP financing situation can take their ball and go home at any time, that's why so few companies emerge from Ch 11 successfully. Recent examples include Bon ton, Toys R Us, Payless, Radio Shack, and Gymboree. Even Sears exhausted their line of credit, and old Sears is suing new Sears for nearly $60M because it doesn't have enough money to pay lawyers and court fees and everything their is all fubar. The DIP financiers would have to be dumber than a box of chocolates to trust TT and the board given their history of antics.

Velocloud's "post-petition" bills (those incurred after the bankruptcy filing) are backed by the debtor-in-possession financing Windstream obtained with Court approval. That pretty much guarantees Windstream's bills through the end of the process.

I'd certainly be happy to sell to Windstream going forward. For new bills, they're an extremely low credit risk.

I knew Velocloud would be be the list off unsecred creditors. The real risk to the new company is how bad will Velocloud be hurt and will Velocloud risk doing business with the new company.