Uniti Group responds to motion filed by Windstream seeking mediator
Uniti Group issued a statement in response to the motion filed by Windstream on July 12 seeking appointment of a mediator to oversee negotiations with Uniti, and in response to other motions in the bankruptcy cases of Windstream Holdings and its subsidiaries. UIniti CEO Kenny Gunderman said, "Uniti is encouraged by the continued efforts to reach a mutually beneficial outcome between Windstream and Uniti. We remain focused on serving the interests of our stakeholders first, while also remaining hopeful that Windstream will emerge with an improved business." On July 19, Uniti filed an objection in response to the motion filed in the Windstream bankruptcy cases by UMB Bank, National Association and U.S. Bank National Association, as indenture trustees for certain unsecured notes issued by certain of Windstream Holdings' subsidiaries. The objection also responded to various similar claims and allegations raised in the motion filed by Windstream's unsecured creditors committee. Uniti believes both pleadings contain major factual and legal flaws and inconsistencies. Under appropriate legal tests, Uniti is confident the master lease is a "true lease," and every serious analysis of it ever performed by specialists has reached that conclusion. Uniti is confident that a careful examination of the evidence will confirm that the master lease is a true lease, as it was asserted to be by Windstream and its advisors when it was executed.