Windstream Services, LLC · Bankruptcy · 2019
8.625% Senior First Lien Notes due 2025
Windstream Services, LLC and Windstream Finance Corp. · CUSIP 97381LAB4. 8 verified questions on this obligation.
Verified outcome
Basis. All 7 checks pass on the record: the Reference Entity is a jointly and severally liable co-issuer, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
- Currency
- USD
- Final maturity
- 2025-10-31
- Seniority
- Senior
- Governing law
- Not recorded
- Form
- Registered
- Transferable
- Yes (no contractual transfer restriction)
- Coupon
- 8.625%
Questions and verified answers
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the Reference Entity is a jointly and severally liable co-issuer; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
Indenture of 2017-11-06
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Indenture of 2017-11-06
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
Indenture of 2017-11-06
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Indenture of 2017-11-06
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?YesNone: no clause restricting transfer was found.
- #8 Is the instrument an obligation of the Reference Entity (as a jointly and severally liable co-issuer)?Yes
Indenture of 2017-11-06
Documents
Terms come from these documents. Fields the record omits show as not stated.
- DOC-1 Windstream Holdings / Windstream Services 8-K filed 2019-02-28, Item 1.03 Bankruptcy, petition 2019-02-25excerpts
- DOC-2 Indenture dated November 6, 2017, 8.625% Senior First Lien Notes due 2025 (EX-4.1)excerpts
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