Windstream Holdings Inc (NASDAQ: WIN), which is a leading provider of advanced network communications stock is in bullish momentum after the company announced that it will spotlight its Power of One solution at HITEC. This is the world’s largest hospitality technology show in Houston, will be taking place on June 18–21, 2018. The Power of One recognizes that the industry’s many challenges require a technology partner that can help hospitality providers anticipate and thrive in an environment where guests’ needs and dynamics are changing, demands for new-build properties are increasing, and brand standards continue to drive convergence requirements.
Meanwhile, the concept behind the Power of One is one customer dealing with just one vendor as a single-source telecommunication services provider who delivers collaborative project management, ease of ordering and fulfillment, unified account management, and most important, accountability. Therefore, it is truly a one-to-one relationship with the sole purpose of delivering superior technology solutions designed specifically to meet their unique challenges.
Moreover, the Omni Frisco Hotel in Texas, located next to The Star, world headquarters to the Dallas Cowboys, is working with WIN, to learn firsthand how the Power of One solution suite helps them address the numerous and complex challenges faced by the hospitality industry. The Omni Frisco Hotel attracts thousands of guests each year as part of the bustling complex and the new social hub of Frisco that features restaurants, entertainment, shopping and athletics.
On the other hand, WIN’s wholly-owned subsidiaries, Windstream Services, LLC (the “Issuer”) and Windstream Finance Corp. (the “Co-Issuer” and, together with the Issuer, the “Issuers,” “Windstream,” or the “Company”), are commencing certain debt exchange offers with respect to certain series of the company’s senior notes. WIN believes these debt exchange offers, if accepted, will provide the company with an extended maturity profile and enhance its liquidity over the coming years. Further, WIN is offering to exchange (the “2020 Exchange Offer”) any and all of its 7.75% senior notes due 2020 (the “2020 Notes”) for new 9.375% senior second lien notes due 2024 (the “2024 Second Lien Notes”)
Additionally, WIN has completed its previously announced 1-for-5 reverse stock split. As a result, the authorized shares of common stock has decreased from 375,000,000 shares to 75,000,000 shares and the number of authorized shares of preferred stock decreased from 33,333,333 shares to 6,666,667 shares. Actual total shares outstanding has decreased from approximately 200 million shares to approximately 40 million shares.