Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
fabriziof
Forumer storico
In caso di bancarotta windstream questa si salva?
waltermasoni
Caribbean Trader
Fitch Downgrades Windstream's IDR to 'CC' Based on Court Ruling
20 FEB 2019 10:53 AM ET
Fitch Ratings-Chicago-20 February 2019: Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Windstream Services, LLC (WIN; Windstream) to 'CC' from 'B'. Fitch has also downgraded the first lien secured debt ratings to 'CCC+'/'RR1' from 'BB'/'RR1', second lien secured debt ratings to 'CCC+'/'RR1' from 'BB-'/'RR2' and unsecured debt ratings to 'C'/'RR5' from 'CCC+'/'RR6'. A full list of rating actions follows at the end of this release.
The downgrade is a result of the adverse court ruling in Windstream's bondholder dispute with Aurelius Capital Management and U.S. Bank N.A. The court found that the spinoff of Windstream's network assets into a REIT, Uniti Group Inc., was invalid. The court also found that Windstream violated the terms of the indenture by engaging in an impermissible sale and leaseback transaction, and subsequent actions did not waive or cure the default arising from the breach of the covenant. The company is currently examining its options in terms of post-trial motions and an appeal.
The decision directed Aurelius to confer with the other parties in the case, and to draft a proposed judgment consistent with the court's findings. The court awarded Aurelius a money judgment in the amount of just over $310 million, plus interest from and after July 23, 2018. The judgment is to be filed no later than Feb. 25, 2019.
20 FEB 2019 10:53 AM ET
Fitch Ratings-Chicago-20 February 2019: Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Windstream Services, LLC (WIN; Windstream) to 'CC' from 'B'. Fitch has also downgraded the first lien secured debt ratings to 'CCC+'/'RR1' from 'BB'/'RR1', second lien secured debt ratings to 'CCC+'/'RR1' from 'BB-'/'RR2' and unsecured debt ratings to 'C'/'RR5' from 'CCC+'/'RR6'. A full list of rating actions follows at the end of this release.
The downgrade is a result of the adverse court ruling in Windstream's bondholder dispute with Aurelius Capital Management and U.S. Bank N.A. The court found that the spinoff of Windstream's network assets into a REIT, Uniti Group Inc., was invalid. The court also found that Windstream violated the terms of the indenture by engaging in an impermissible sale and leaseback transaction, and subsequent actions did not waive or cure the default arising from the breach of the covenant. The company is currently examining its options in terms of post-trial motions and an appeal.
The decision directed Aurelius to confer with the other parties in the case, and to draft a proposed judgment consistent with the court's findings. The court awarded Aurelius a money judgment in the amount of just over $310 million, plus interest from and after July 23, 2018. The judgment is to be filed no later than Feb. 25, 2019.
captain sparrow
Forumer storico
captain sparrow
Forumer storico
hernan1
Forumer attivo
Opinioni ci sono di tutti colori. Da quello che ho letto io ne penso di si. Occhio che stiamo parlando di un ChXI, Win potrebbe continuare a pagare il lease a UNIT, oppure anche cercare una riduzzione....
Ultima modifica:
bia06
Listen other's viewpoint avoid conflicts & wars.
Non so se vi e' mai capitato.....e come si spiega:
ho venduto obbligazioni otc in usd oggi dopo le 15.
Mi danno eseguito telefonico e dopo un minuto (o poco piu') vado a controllare per curiosita' su FINRA. Vedo come ultimo eseguito esattamente la mia quantita' (non trattandosi di cifra tonda ma di spezzatura dispari e' al 99.9% la mia) ma il prezzo a cui risulta eseguito e' di 61 centesimi migliore di quanto mi ha dichiarato l'operatore a telefono (eseguito 100.50, finra riporta 101.11).
Com'e' possibile?
ho venduto obbligazioni otc in usd oggi dopo le 15.
Mi danno eseguito telefonico e dopo un minuto (o poco piu') vado a controllare per curiosita' su FINRA. Vedo come ultimo eseguito esattamente la mia quantita' (non trattandosi di cifra tonda ma di spezzatura dispari e' al 99.9% la mia) ma il prezzo a cui risulta eseguito e' di 61 centesimi migliore di quanto mi ha dichiarato l'operatore a telefono (eseguito 100.50, finra riporta 101.11).
Com'e' possibile?
salice02
Forumer storico
Anche a me succede ma la differenza è di 25 centesimi. Credo siano commissioni dei broker ..
