UNIT - Death For Windstream And Pain For Uniti
It’s not a good day to own shares of either Windstream Holdings (WIN) or Uniti Group (UNIT). Both companies took a beating after the market closed on February 15th following news that the United States District Court of the Southern District of New York ruled in favor or Aurelius, a hedge fund that owns a majority of Windstream’s 6.375% 2023 Senior Notes, regarding whether or not Windstream, in spinning off Uniti and leasing back assets from it, breached their indenture. This move has not only thrown serious doubt into whether