Oaktree, Franklin Back Windstream in Dispute Over Uniti Payments

The first-lien ad hoc committee in Windstream Holdings Inc.’s bankruptcy case, which includes Oaktree Capital Management LP and Franklin Mutual Advisers LLC, said it supported the company’s objection to a motion filed by the unsecured bondholder trustees.

• The first-lien creditors said in the July 8 filing that a prior motion by trustees to halt lease payments to Uniti Group Inc. “inappropriately” tries to take control from Windstream over a critical piece of its Chapter 11 case
• Unsecured bondholder trustees are trying to circumvent a legal requirement that they have sufficient legal standing to pursue a claim against Uniti, according to ...