The stock of Windstream Holdings Inc (NASDAQ:WIN) closed at $2.03 and maintained the same position in yesterday’s trading session. Windstream has today made the announcement regarding the results of its exchange offers.
The notes associated with the 2021/2022 time-frame tender exchange offers might turn out rather difficult to withdraw following the legal formalities set in place. The barrier may persist until that moment when the company will finally resolve on permitting the withdrawal but at the moment uncertainty continues to engulf the matter.
Windscreen’s spokesperson has disclosed that they have series of plans underway. They hope that if everything moves according to plan they will soon start paying the early exchange consideration to each and every holder that tendered the 2021 Notes or 2022 Notes in a valid way. That will be taking place long after the Early Tender Date and on the other hand prior to the expiration date for the 2021/2022 Exchange Offers.
Challenges continue popping up with the passage of time and that is making matters rather complicated for the giant company. An official working with it has moved ahead to state that they are used to challenges and that nothing is going to hinder them from doing whatever they think is of best interest to its customers.
At the moment, the company has resolved to start paying the early exchange consideration to most of those holders that tendered the 2023 notes in a valid manner. It has vowed to accomplish all it has to do in due time, a matter that has been applauded by quite a significant number of people following up on the matter.
An analyst working closely with the company said, “The withdrawal deadline for the 2023 Exchange Offer is being extended to the earlier of the first settlement date or the expiration date for the 2023 Exchange Offer. The Company will promptly settle the 2023 Exchange Offer with respect to all 2023 Notes then validly tendered when all conditions to the 2023 Exchange Offer have been satisfied or waived by the company.”