Windstream Bankruptcy Filing: The Complete Saga

Windstream is going to be aggressive around its strategic product set.

Edward Gately, Senior News Editor

September 25, 2020

12 Slides

The Windstream bankruptcy filing saga ended this week as the company finally emerged from chapter 11.

The exit capped off a 19-month process that brought big changes for the business communications giant and its partners.

Windstream exited bankruptcy with two-thirds of its debt erased and $2 billion in new capital. It’s forging a new path with new owners, and plans to attract new customers and partners.

In addition, Windstream is now privately held. The Nasdaq delisted Its stock after it filed chapter 11 in February 2019.

Layne Levine is president of Windstream Enterprise. He said partner reaction to the bankruptcy exit has been positive.

“One partner, they’ve been telling me they were a very strong partner for us prior to restructuring,” he said. “But they completely shut us off during restructuring. And now that we’ve come out of restructuring they said via text, ‘we’re ready to start talking.’ So I think we’re going to see a lot more of that.”

Windstream is going to be “extremely aggressive” in the months ahead, Levine said. The strategic product set focuses on its SD-WAN and UCaaS capabilities anchored with OfficeSuite.

Miss any details of the Windstream bankruptcy filing saga? Scroll through our gallery below for a recap of all of the action.

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About the Author(s)

Edward Gately

Senior News Editor, Channel Futures

As news editor, Edward Gately covers cybersecurity, new channel programs and program changes, M&A and other IT channel trends. Prior to Informa, he spent 26 years as a newspaper journalist in Texas, Louisiana and Arizona.

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