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.  Our panel of experts discussed:

  • The decision and reasoning therefore
  • Implications for noteholders, including a refresher on treatment of OID in bankruptcy
  • Key takeaway

EVENT DETAILS

Wednesday, March 6, 2019
4PM to 5:15PM (ET)|Webcast Only
1.5 CLE Credit|Available for NYS Transitional and Non-Transitional  – Areas of Professional Practice
Presentation|Now Available|Scroll down to view

SPEAKERS

  • Jasmine Ball, Partner, Debevoise & Plimpton LLP
  • Elliot Ganz, LSTA, Intro
  • Ramya Tiller, Partner, Debevoise & Plimpton LLP
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