Windstream—an Web service supplier in primarily rural areas—right this moment filed for chapter.
The chapter was spurred by a court docket ruling from February 15 that would value Windstream lots of of tens of millions of . The corporate stated the chapter will assist stop adverse impacts on clients.
Windstream filed petitions for reorganization beneath Chapter 11 of the USA Chapter Code in US Chapter Court docket for the Southern District of New York. Windstream thought-about different choices, together with interesting the court docket ruling, however firm administration and the board of administrators “decided that submitting for voluntary Chapter 11 safety is a vital step to handle the monetary impression of Choose [Jesse] Furman’s choice and the impression it will have on customers and companies throughout the states during which we function,” Windstream CEO Tony Thomas stated within the chapter announcement.
Learn 13 remaining paragraphs | Feedback