Windstream seeks extension for restructuring plan

12 Dec 2019

US fixed line operator Windstream – which filed for Chapter 11 bankruptcy protection in February this year – is expected to request an extension to push its restructuring plan into the second half of 2020. A report by Talk Business & Politics quotes a filing with the US Bankruptcy Court for the Southern District of New York as saying: ‘Despite … significant progress toward a successful restructuring, given the size and complexity of these Chapter 11 cases, work remains.’

According to the report, Windstream is asking the court for the right to extend its Chapter 11 bankruptcy plan through the ‘filing exclusivity period’ on 25 August 2020, to the ‘soliciting exclusivity period’ on 26 October 2020. Federal law allows debtors to extend the exclusivity period up to an additional twelve months if approved by the court.

United States, Windstream Communications