m_and_a
confidence high
sentiment neutral
materiality 0.85
Uniti-Windstream merger closes; debt consolidated under single borrower
Uniti Group Inc.
- Merger closed Aug 1: Old Uniti shares converted to 0.6029 New Uniti shares.
- Internal reorganization merged Uniti Group LP into Windstream Services LLC.
- All legacy debt now cross-guaranteed; restrictive covenants largely eliminated.
- Convertible notes conversion rate reset to 82.7023 shares per $1,000; $306.5M notes outstanding.
item 1.01item 9.01