Windstream Announces Results of Consent Solicitations
The Expiration Date for the consent solicitations with respect to the Company’s existing 7.75% senior notes due 2021 (“2021 Notes”) and 7.50% senior notes due 2022 (“2022 Notes” and, together with the 2021 Notes, the “Notes”) was
The Company launched the Consent Solicitations on
The Waivers and Amendments and the related supplemental indentures will become operative upon the acceptance by the Company of all the Notes validly tendered (and not validly withdrawn) for exchange on the first settlement date to occur for the Company's previously announced exchange offers with respect to the 2021 Notes and 2022 Notes. Upon the operativeness of the Waivers and Amendments, the Waivers and Amendments will be binding on all holders of the Notes.
The Company has now received waivers and consents with respect to all series of the Company’s previously outstanding senior notes relating to alleged defaults with respect to the Spin-Off. Holders of over 90% of the outstanding aggregate principal amount of the Company’s Notes delivered waivers and consents in the Consent Solicitations.
This press release is for informational purposes only. The Consent Solicitations were made solely pursuant to the consent solicitation statement and related letter of consent.
Certain statements contained in this press release may constitute forward-looking statements. Forward-looking statements are subject to uncertainties that could cause actual future events and results to differ materially from those expressed in the forward-looking statements. These forward-looking statements are based on estimates, projections, beliefs, and assumptions that Windstream believes are reasonable but are not guarantees of future events and results. Actual future events and results of Windstream may differ materially from those expressed in these forward-looking statements as a result of a number of important factors, including those described in filings by Windstream with the
Source: Windstream Holdings, Inc.