Windstream finalises restructuring; reduces debt by USD4bn

22 Sep 2020

US fixed line operator Windstream Holdings has successfully completed its financial restructuring process as a privately held company. Through this process, the telco has reduced its debt by more than USD4 billion, or approximately two-thirds, and now has access to around USD2 billion in new capital.

Tony Thomas, president and CEO of Windstream, commented: ‘Today marks the start of a new era for Windstream as an even stronger, more competitive company. With the completion of our financial restructuring, we now have an enhanced balance sheet and a robust capital investment programme to expand 1 Gig internet service in rural America and maintain our product and software leadership in SD-WAN and Unified Communications as a Service (UCaaS) for enterprise customers.’

United States, Windstream Communications