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WHTop → 📋 News → Cloud and Network Provider Windstream Files for Chapter 11 Bankruptcy
Cloud and Network Provider Windstream Files for Chapter 11 Bankruptcy
📅 - Windstream (earthlink.net👉 Total Reviews: 6 🙌 Average Rating: 2.7 / 10 👍 Good Reviews: 1 👎 Bad Reviews: 5 👈 Official Responses: 0), a provider of voice and data network communications, cloud hosting, and managed services, has filed for bankruptcy. The Chapter 11 bankruptcy comes after a $310 million court loss against a hedge fund.
Windstream intends to use the court-supervised process to address debt maturities that have been accelerated as a result of the recent decision by Judge Jesse Furman in the Southern District of New York against Windstream Services, LLC, a subsidiary of the Company.
"Following a comprehensive review of our options, including an appeal, the Board of Directors and management team determined that filing for voluntary Chapter 11 protection is a necessary step to [...][... Check source for end of article ...]
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📅 - Windstream (earthlink.net 👉 Total Reviews: 6
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