WIN - Some Basics Of Uniti Lease With Windstream And Practical Outcomes
I have been involved in a number of situations involving OpCo/PropCo distress including Getty Petroleum Marketing/Getty Real Estate Trust and most recently ManorCare/Quality Care REIT.
In an effort to keep this brief, I will list key issues that have been brought up on Seeking Alpha, and in general I think many of these issues are misunderstood by many investors and rating agencies.
What would happen in a WIN Bankruptcy
There are a few interesting provisions of the lease (among many more) that are important here. For one, under Sec. 6.1e of the lease, the tenant