Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Windstream Holdings (NASDAQ:WIN) is 29.4% lower postmarket because the verdict is in: It's lost its court fight with Aurelius.
The ruling says the court's task wasn't to opine on the financial wisdom of Windstream Services' decisions in the transaction, but to enforce the indenture
"Doing so here, the Court concludes that Services’ financial maneuvers — and many of its arguments here — are too cute by half," the decision reads.
"That is, the 2015 Transaction qualifies as a Sale and Leaseback Transaction because, in substance, the Transferor Subsidiaries sold the Transferred Assets and then, either directly or indirectly, leased them back; making Holdings the sole signatory on the Master Lease did not change those facts."
Shareholders have been awaiting a verdict in the case since last summer.
Next up: Aurelius will confer with other parties and draft a proposed judgment to be filed for court approval by Feb. 25.
 
Windstream Holdings (NASDAQ:WIN) is 29.4% lower postmarket because the verdict is in: It's lost its court fight with Aurelius.
The ruling says the court's task wasn't to opine on the financial wisdom of Windstream Services' decisions in the transaction, but to enforce the indenture
"Doing so here, the Court concludes that Services’ financial maneuvers — and many of its arguments here — are too cute by half," the decision reads.
"That is, the 2015 Transaction qualifies as a Sale and Leaseback Transaction because, in substance, the Transferor Subsidiaries sold the Transferred Assets and then, either directly or indirectly, leased them back; making Holdings the sole signatory on the Master Lease did not change those facts."
Shareholders have been awaiting a verdict in the case since last summer.
Next up: Aurelius will confer with other parties and draft a proposed judgment to be filed for court approval by Feb. 25.

Pure questa...
 
Pure questa...
Windstream responds to loss in Aurelius default trial
  • Windstream Holdings (NASDAQ:WIN) is signaling a steady course after it was dealt a loss in its debt-default trial against Aurelius Capital Management.
  • It will appeal the verdict and work toward serving customers, it suggests, amid speculation that its hand might be forced in bankruptcy.
  • “We are disappointed in, and frankly surprised by, the ruling and will be taking immediate steps to pursue all available options, including post-trial motions and an appeal,” says Windstream CEO Tony Thomas.
  • “Additionally, we will work with our creditors on the next course of action. Windstream provides critical voice and data services to customers across the U.S. We remain committed to serving them and ensuring they realize the maximum benefit in transitioning to next-generation technology solutions and premium broadband services.”
  • Windstream wrapped the after-hours trading session a whopping 57% down on postmarket volume that exceeded its daytime average.
 
buongiorno a tutti e grazie per tutto quello che condividete

interessante il grafico HYG weekly

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