Windstream's Trial Loss Marginally Increases Its Bankruptcy Risk and Has Implications for Uniti
On Feb. 15, 2019, District Court Judge Jesse Furman issued his ruling in favor of Aurelius in its trial against Windstream. He found that Windstream violated debt covenants when it spun off Uniti; Windstream did not legitimately issue new bonds with its attempt to negate the default; and Aurelius is entitled to a money judgment of over $300 million. We expect Windstream to appeal the decision, so we don't believe any repercussions are imminent. However, although we expected an appeal regardless ...Windstream Holdings is a holding company. Through its subsidiaries, the company is a provider of network communications and technology solutions for businesses across the U.S. The company also provides broadband, entertainment and security solutions to consumers and small businesses primarily in rural areas. The company's consumer & small business segment provides local and long-distance voice services and high-speed Internet services. The company's enterprise segment provides integrated voice and data services, which deliver voice and broadband services over a single Internet connection. The company's wholesale operations are focused on providing network bandwidth to other telecommunications carriers and content providers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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