WINDSTREAM ANNOUNCES DEBT EXCHANGE OFFERS FOR SECOND LIEN NOTES 9.375%

WINDSTREAM ANNOUNCES DEBT EXCHANGE OFFERS FOR SECOND LIEN NOTES

Published on June 15, 2018

LITTLE ROCK, Ark., June 15, 2018 (GLOBE NEWSWIRE) — Windstream Holdings, Inc. (NASDAQ:WIN) announced today that its wholly-owned subsidiaries, Windstream Services, LLC (the “Issuer”) and Windstream Finance Corp. (the “Co-Issuer” and, together with the Issuer, the “Issuers,” “Windstream,” or the “Company”), are commencing certain debt exchange offers with respect to certain series of the Company’s senior notes.

Windstream believes these debt exchange offers, if accepted, will provide the Company with an extended maturity profile and enhance its liquidity over the coming years.

2020 Exchange Offer

The Company is offering to exchange (the “2020 Exchange Offer”) any and all of its 7.75% senior notes due 2020 (the “2020 Notes”) for new 9.375% senior second lien notes due 2024 (the “2024 Second Lien Notes”). The 2020 Exchange Offer will be subject to certain conditions as will be set forth in the applicable offering memorandum and letter of transmittal, including the condition (the “Minimum Tender Condition”) that 2020 Notes with an aggregate principal amount of at least $443.7 million are tendered in the 2020 Exchange Offer (the “Minimum Tender Amount”). The Company reserves the right to increase, decrease or otherwise change the Minimum Tender Amount and/or waive the Minimum Tender Condition in its sole discretion without extending the early tender date or the withdrawal deadline or otherwise reinstating withdrawal rights,

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...it doesnt sound like a WIN loss in court coming up. A vast majority believe that Windstream will come out of this in a great position

Sounds like we took the line of credit to cover our losses in court at the end of this month.

https://seekingalpha.com/article/4182410-windstream-trenches-dug

I need to open one of those cash advance stores only for telecom.. trade your title for an advance. Sad part is that the equipment at WIN is so bold, the liquidation wouldn't be worth it. I feel sorry for whoever takes them up on this offer.

I remember judgement day.

Three billion human lives ended on August 29, 1997. The survivors of the nuclear fire called the war Judgment Day. They lived only to face a new nightmare, a war against the machines. The computer which controlled the machines, Skynet, sent two terminators back through time. Their mission: to destroy the leader of the human Resistance. John Connor; my son. The first terminator was programmed to strike at me, in the year 1984, before John was born. It failed. The second was sent to strike at John himself, when he was still a child. As before, the Resistance was able to send a lone warrior. A protector for John. It was just a question of which one of them would reach him first.

Kicking a bigger can down the road because they are paying 2.5% more that current rate.

This is the equivalent to getting a cash advance to pay down your debt. All they are doing is paying down the interest and not the principal. Whoever buys the company next will assume that debt.

Yep, just trying to move judgement day a couple of years down the road. TT wants to collect that bonus each year for as long as he can.

Kicking the can down the road.

Thread regarding Windstream Corp. layoffs

WINDSTREAM ANNOUNCES DEBT EXCHANGE OFFERS FOR SECOND LIEN NOTES 9.375%

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