Windstream Services, LLC · Bankruptcy · 2019 · 8.625% Senior First Lien Notes due 2025
Does the instrument meet the Not Bearer characteristic?
Verified answer
Basis. The obligation is in registered form, not bearer form.
Source clauses
Indenture of 2017-11-06
How it was checked · 2 checks
- Rule re-applied. The Not Bearer rule (v1.0), re-applied to the stored facts, gives the same result as the Mastermind v3 run of 2026-09-26.
- Quote verified. The clause quoted for the form of the notes appears verbatim in the cited sections.
Not Bearer
The obligation must not be a bearer instrument, unless interests in it are cleared via Euroclear, Clearstream or another internationally recognised clearing system.
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
- #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
- #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
- #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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