In another post ( @YBt2lx3-ika) about today's hearings, I noted:
"Interestingly, some of those wording changes had to do with preserving the various creditors' rights to challenge the Uniti-Windstream arrangement later on if so desired. I don't think anybody wants to rewind the spinoff but I think creditors are hoping to find a way to shake down Uniti for a little love."
In one of the filings, the unsecured creditors' committee went noted:
"no reasonable path forward— including lease concessions, a contribution of Uniti’s equity to the Debtors, or otherwise— should be foreclosed at the very outset of these cases"
The investment bankers' fee agreement gives them a commission on any lease payment reductions they can get from Uniti.
Supposedly, Uniti's lease is ironclad in bankruptcy. That's about to get tested by a bunch of motivated creditors with a lot of lawyers.