what-in-the-world-is-up-with-windstream-march-6-2019-preview

Earlier this month, a federal district court issued a $310 million judgment in favor of Aurelius Capital in U.S. Bank National Association v. Windstream Services, LLC v. Aurelius Capital Master, Ltd., finding that Windstream’s 2015 spin-off of its telecommunications assets, and subsequent “lease” of such assets was a sale-leaseback that violated its indenture. As a result of the decision and the corresponding cross-default to Windstream’s other indebtedness, Windstream filed for Chapter 11 bankruptcy on February 25th. Presented by Jasmine Ball, Partner, Debevoise & Plimpton LLP, Elliot Ganz, LSTA and Ramya Tiller, Partner, Debevoise & Plimpton LLP.

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