Court Approves Windstream Restructuring Plan, Eyes August Bankruptcy Exit
June 26, 2020
The US Bankruptcy Court for the Southern District of New York approved a Windstream bankruptcy exit reorganization plan. With the restructuring plan approved, the company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as a privately held company in late August. The restructured company will cut its debt by about two thirds, a total of $4 billion, and will have access to approximately $2 billion in new capital to expand 1 Gig Internet service in rural America.
Court Approves Windstream Restructuring Plan, Eyes August Bankruptcy Exit