Windstream Bankruptcy Filing: The Complete SagaWindstream Bankruptcy Filing: The Complete Saga
Windstream is going to be aggressive around its strategic product set.
September 25, 2020
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.”
Miss any details of the Windstream bankruptcy filing saga? Scroll through our gallery below for a recap of all of the action.
Read more about:Agents
About the Author(s)
You May Also Like