Uniti - Windstream deal may not hold up in court due to sweetheart deal for Elliott

Skim this filing by an angry creditor.
http://www.kccllc.net/windstream/document/1922312200302000000000017

Elliott Management, a major 2nd lien creditor, got the rights to buy 20% of Uniti at below-market prices. In exchange, they pushed this agreement. The other second lien creditors get almost nothing – probably 10 to 15¢ on the dollar; they don't get to participate in Elliott's deal.
https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FWIN4662677&symbol=WIN4662677

I don't know if the unsecured creditors even get anything or not.

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It's not a done deal

https://seekingalpha.com/article/4329277-todays-conference-call-indicates-windstreams-and-unitis-settlement-is-not-done-deal

Summary:
Critical conference call was held today.
There is strong opposition to proposed lease settlement by various claim holders.
Hearing is now set for April 3 to approve the lease settlement.
A disclosure hearing could be set for April 21 and a reorganization plan confirmation hearing at the end of May or early June.
The lease settlement is not a "done deal"

I wish the Elliott deal would just happen.the suspense is k–ling me as to how this all ends...

Thread regarding Windstream Corp. layoffs

Uniti - Windstream deal may not hold up in court due to sweetheart deal for Elliott

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