Uniti Group and Windstream Holdings Announce Merger Plans

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.

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