That's a law firm first lien lenders are working with now. They apparently had a call last night to discuss matters. Windstream is working with restructuring firm Kirkland & Ellis. Bankruptcy filing likely imminent.
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Kirkland and Ellis will get their $$. Not sure how everyone else will fare.
https://twitter.com/MaglanCapital/status/1098364394805833728
https://twitter.com/MaglanCapital/status/1098364469246337024
Still looking for valid source....
stick a fork in win, we're done.
Bllomberg terminal news via Maglan Capital's Twitter feed - https://twitter.com/maglancapital?lang=en
Where did you get this? I cant find anything to back it up.
No, bankruptcy doesn't mean shutting the doors. However, the impact to employees is the concern. Most here are worried about getting let go, which is a major concern given the company's going to have to lean up to get through this. Will it affect everybody? No, but this will probably be the first cut in a long time where more than just fat is trimmed.
BK doesnt equal shutting doors completely. There will still be a company.
I'd be surprised if anybody got a severance package at this point.