The latest announcement is out from Uniti Group ( (UNIT) ).
Uniti Group Inc. and Windstream Holdings II, LLC have entered into a merger agreement, with Uniti to survive as a wholly owned subsidiary of a new parent company post-merger. Windstream is seeking consent to amend the indenture governing its notes to accommodate post-merger reorganization and align with Uniti’s debt terms. The amendments, if approved, will facilitate the unification of Windstream’s and Uniti’s debt under a single parent company, though the receipt of the necessary consents to effectuate these changes is not guaranteed. This corporate maneuver is part of a larger strategy to streamline the capital structure and operations of the combined entity, with financial documents and pro forma statements being made available to investors for review.
See more data about UNIT stock on TipRanks’ Stock Analysis page.
