Thread regarding Windstream Corp. layoffs

Windstream Downgraded by S&P

S&P downgrades Windstream credit on exchange offer

Jun. 19, 2018 4:16 PM • Jason Aycock

Windstream Holdings (NASDAQ:WIN) finished the regular session up 2%, but S&P has now downgraded the company's rating to CC from B-, with a negative outlook.

It's basing that on the stance that Windstream's recent exchange offer is a distressed transaction, with investors getting less than face value.

The negative outlook suggests that a completed exchange would have S&P reducing the corporate credit rating to SD and ratings on affected issues to D.

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| 1861 views | | 6 replies (last June 23, 2018) | Reply
Post ID: @OP+TLkQ9CE

6 replies (most recent on top)

Heard this tune recently being sung by TT and BG. With apologies to The Rolling Stones.

Time

ain't on Win's side, but yes it is.

Time

ain't on Win's side, it is, I am telling you, it

is.

Now you

all were saying that you want to be debt-free

But maybe

you'll come runnin' back (I said you will

S&P),

You'll

come runnin' back (if we can pay our 9% interest in

2023),

You'll

come runnin' back to me.Time

ain't on Win's side, but it is.

Time

ain't on Win's side, but trust me, it is.

We're

banking on a turnaround with SD-WAN so just wait and

see,

You'll

come runnin' back (former customers and

employees),

You'll

come runnin back (to spend the rest of life with us, you worker bee)

,

You'll

come runnin' back to me.Go ahead

laid-off employee, go ahead, go ahead and try to land a new job in town!

And maybe,

do anything your heart desires

Remember,

we might not always be around.

And I

know, I know like we told you so many times before

You're

gonna come back,

Yeah

you're gonna come back...if we're here...

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Post ID: @3wai+TLkQ9CE

Can we get the rating agencies guest access to Stream? Once they read a how amazing things are, they’ll change that rating to AAA.

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Post ID: @1tvi+TLkQ9CE

The way I understand it, they paid off bonds with a high interest rate due in a few years with bonds with an even higher interest rate due a few years after that. Just delaying the debt load with a more expensive one. It's like paying off a credit card with another higher interest rate credit card. They keep digging the hole deeper and deeper.

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Post ID: @bxw+TLkQ9CE

OUCH! OUCH! OUCH!

I guess S&P is not drinkin the Corporate Kool-Aid or sippin on the "TT Bag"...

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Post ID: @fna+TLkQ9CE

Honestly our access to credit is the only thing keeping half of us employed. I don't think we could keep going quarter to quarter without bonds at this point. Especially with the master lease coming every quarter.

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Post ID: @fae+TLkQ9CE

Is anyone suprised by this? Billisons in debt and only millions to offer in services. Who ever buys this company out will pay pennies on the dollar.

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Post ID: @xjh+TLkQ9CE

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