Windstream Services, LLC · Bankruptcy · 2019 · 8.625% Senior First Lien Notes due 2025
Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
Verified answer
Basis. Payable in USD, which is a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD).
Source clauses
Indenture of 2017-11-06
How it was checked · 3 checks
- Rule re-applied. The Specified Currency 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 currency appears verbatim in the cited section.
- Independent extractor. A heuristic extractor that does not see the model's reading also finds the currency: usd.
Specified Currency
The obligation must be payable in a Specified Currency (by default the Standard Specified Currencies: the lawful currencies of Canada, Japan, Switzerland, the United Kingdom and the United States, and the euro).
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
- #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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