Windstream Services, LLC · Bankruptcy · 2019 · 8.625% Senior First Lien Notes due 2025
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?
Verified answer
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.
Source clauses
How it was checked · 2 checks
- Rule re-applied. All 7 checks, and the check that the core facts are present, re-applied to the stored facts give the same results as the Mastermind v3 run of 2026-09-26.
- Quote verified. Every quoted clause (5 facts) appears verbatim in its cited section.
About this question
The instrument is a Deliverable Obligation when every check passes. Each check has its own question on this case; the source clauses behind them are marked in the documents below.
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 8.625% Senior First Lien Notes due 2025
Source documents
The case record. Sections behind the verified answer are marked.
- 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
Related questions and cases
Same case
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
- #8 Is the instrument an obligation of the Reference Entity (as a jointly and severally liable co-issuer)?Yes
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