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The ruling says the court's task wasn't to opine on the financial wisdom of Windstream Services' decisions in the transaction, but to enforce the indenture.
"Doing so here, the Court concludes that Services’ financial maneuvers – and many of its arguments here – are too cute by half," the decision reads.
"That is, the 2015 Transaction qualifies as a Sale and Leaseback Transaction because, in substance, the Transferor Subsidiaries sold the Transferred Assets and then,