Windstream's (WIN) CS&L Stake Sale is Credit-Positive Move - Moody's
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/26/2026
- Wall Street ends higher as tech rebounds before Nvidia results
- Oil settles down more than 3%; investors shrug off US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Six Flags to move headquarters from Charlotte to Arlington, Texas
- Wall Street ends higher as tech rebounds before Nvidia results
- Intuit (INTU) Tops Q4 EPS; Offers FY27 Guidance
- Oppenheimer Upgrades Capricor Therapeutics (CAPR) to Outperform 'on Approval Optimism'
- Dick's Sporting Goods (DKS) Misses Q2 EPS by 25c, Offers Guidance
Windstream to Sell Remaining Communications Sales & Leasing (CSAL) Stake
June 20, 2016 4:25 PM EDTCommunications Sales & Leasing, Inc. (Nasdaq: CSAL) announced the planned sale, subject to market and other conditions, by Citigroup Global Markets Inc. (Citigroup), as selling shareholder, of 14,681,071 shares of common stock (the Shares) of the Company. The Company will not receive any proceeds from the disposition of Shares in this offering. Prior to the sale, Windstream Holdings, Inc. (Windstream), the Companys former parent company, will exchange the Shares... More
Communications Sales & Leasing (CSAL) Affirms Windstream's (WIN) Share Disposal
June 15, 2016 4:37 PM EDTCommunications Sales & Leasing, Inc. (Nasdaq: CSAL) announced that Windstream Holdings, Inc. (Nasdaq: WIN) disposed of 14,703,993 shares of common stock, par value $0.0001, (the Shares) of the Company to certain creditors of Windstream in exchange for the satisfaction of certain Windstream debt. Citigroup Global Markets Inc. then acquired such Shares from the creditors and as selling shareholder, sold the Shares to... More
Windstream (WIN) Unloads Half of CS&L Stake; Aims to Trim Debt with Proceeds
June 15, 2016 4:23 PM EDTWindstream (Nasdaq: WIN) announced it has closed a transaction to transfer approximately 14.7 million shares of Communications Sales & Leasing (CS&L) common stock to its creditors in a debt-for-equity exchange.
The transferred CS&L shares, which represented approximately 50 percent of Windstreams total retained stake in CS&L, were used to retire approximately... More
