Thread regarding Windstream Corp. layoffs

Something going on in Uniti negotiations - or just a blip?

I noticed Uniti stock dropped only 0.7% today when the rest of the market tanked (3%). Usually when the market drops, Uniti drops more. So in some ways, this is as if Uniti went up 2%

At the same time, Windstream unsecured bonds dropped 4% - now trading at 23¢ on the dollar.
https://markets.businessinsider.com/bonds/7_750-windstream-holdings-bond-2020-us97381wan48

Windstream secured bonds barely moved:
https://markets.businessinsider.com/bonds/7_750-windstream-holdings-bond-2021-us97381wat18

I wonder if this reflects insider leaks from the Uniti-Windstream maneuvering and negotiation or if this is just random? If it's due to leaks, maybe someone thinks Uniti's legal position is stronger than they previously thought.

By the way, I'm not a finance guy, but I suspect that 23¢ on the dollar figure is probably pretty close to the total value of what other unsecured creditors (like vendors) are likely to get in new Windstream bonds and stock at the end of bankruptcy. Or at least that's what the market is currently suggesting the final value to be.

by Anonymous
| 911 views | | 2 replies (last August 6, 2019) | Reply
Post ID: @OP+10ow3EUD
Comment! It's anonymous!

2 replies (most recent on top)

It’s because Uniti will file for bankruptcy protection so they can pull the plug on Windstream. While re-orging they will find new tenants to replace Windstream. I’m sure other providers would use the network if it reduced their costs.

by Anonymous
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Post ID: @1fbp+10ow3EUD

Sorry but nice try to pump UNIT stock. If WIN walks from the MLA, as it should, then UNIT loses the 650 million / year in lease payments. In addition, UNIT would now get to pay for the following - property taxes, insurance, and maintenance and repair costs based the Triple Net-Lease portion of this agreement. Furthermore, UNIT could not even sell the fiber immediately as 911 services are carried though both ILEC and CLEC fiber and copper assets and these services would need to be groomed to other carriers fibers and equipment first.
UNIT would declare BK in a blink of an eye.

The G Boys are trying to figure out how to spin this once again, boost their pay and at the same time try claim they saved the companies as opposed to running them into the ground. Similar to how Windstream Leadership steered a company with a Capitalized Market value of several billion to being a revitalized company worth a couple million. I should look up revitalized since in this context it seems odd. Regardless TT garnered many millions in bonuses for what most absolute failure. Apparently failure pays well if you know the right people (judges, BoD, Compensation committees, Paid off Senators, etc)!!!

Losers will continue to be the employees, the customer and the investors. Leadership will take as much as possible per their documented sociopath behavior.

by Anonymous
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Post ID: @urv+10ow3EUD

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