Court Approves Windstream Restructuring Plan, Eyes August Bankruptcy Exit

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The US Bankruptcy Court for the Southern District of New York approved a Windstream bankruptcy exit reorganization plan. With the restructuring plan approved, the company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as a privately held company in late August. The restructured company will cut its debt by about two thirds, a total of $4 billion, and will have access to approximately $2 billion in new capital to expand 1 Gig Internet service in rural America. 


Court Approves Windstream Restructuring Plan, Eyes August Bankruptcy Exit