Item 1. Financial Statements
Item 1. Financial Statements.
WINDSTREAM PARENT, INC.
INDEX TO FINANCIAL STATEMENTS
Page
No.
Unaudited Financial Statements:
Balance Sheets
5
Notes to Balance Sheets
6
4
Table of Contents
WINDSTREAM PARENT, INC.
BALANCE SHEETS (UNAUDITED)
June 30,
December 31,
2025
2024
Assets:
Total Assets
$
—
$
—
Commitments and Contingencies (See Note 1)
Shareholder Equity:
Shares subscription receivable from New Windstream LLC
( 1 )
( 1 )
Common shares, $ .01 par value, 100 shares authorized, issued and outstanding
1
1
Total Shareholder Equity
$
—
$
—
See accompanying notes to the unaudited balance sheets.
5
Table of Contents
1. Description of Business:
Windstream Parent, Inc. (the “Company,” “New Uniti,” “we,” “us” or “our”), a Delaware corporation, is a direct wholly owned subsidiary of New Windstream, LLC (“New Windstream”). New Windstream is a privately held Delaware limited liability company with no publicly registered debt or equity securities. The Company was formed on April 19, 2024 for the purpose of completing the merger (the “Merger”) of a subsidiary of the Company and Uniti Group, Inc. (“Uniti”), pursuant to the Agreement and Plan of Merger, dated as of May 3, 2024, by and between Windstream Holdings II, LLC (“Windstream”) and Uniti (the “Merger Agreement”). On April 23, 2025, in anticipation of Closing, Windstream completed an internal reorganization, with Windstream merging with and into a newly formed Delaware limited liability company, New Windstream Holdings II, LLC (“New Windstream Holdings II”), with New Windstream Holdings II as the surviving entity of such merger and an indirect subsidiary of New Windstream. At Closing, an entity to be formed prior to Closing and an indirect wholly owned subsidiary of New Uniti identified as “Merger Sub” in the Merger Agreement will merge with and into Uniti, with Uniti surviving the Merger as an indirect wholly owned subsidiary of New Uniti, such that both New Windstream Holdings II (as successor to Windstream) and Uniti will be indirect wholly owned subsidiaries of New Uniti.
2. Basis of Presentation:
The accompanying balance sheets are presented in accordance with U.S. generally accepted accounting principles. Separate statements of income, comprehensive income, changes in shareholder’s equity, and cash flows have not been presented because the Company has not engaged in any activities except in connection with its formation.
The accompanying balance sheet as of December 31, 2024 was derived from the audited balance sheet as of that date. In the opinion of management, all adjustments, consisting of normal, recurring adjustments, necessary for a fair statement of the Company’s financial condition as of June 30, 2025 have been made in the preparation of the accompanying unaudited balance sheet.
3. Commitments and Contingencies:
As of June 30, 2025 and December 31, 2024, the Company had no commitments and contingencies.
4. Shareholder’s Equity:
On April 19, 2024, the Company was authorized to issue 100 common shares with $ .01 par value. The common shares were issued to New Windstream for $ 1 payable to the Company. As of June 30, 2025 and December 31, 2024, 100 common shares are outstanding and the $ 1 receivable from New Windstream has been accounted for as contra-equity on the balance sheets.
5. Subsequent Events:
The Company has evaluated subsequent events through the date the balance sheets were issued on July 31, 2025. The Company concluded that there were no subsequent events that require adjustment to the balance sheets or disclosure in the notes to the balance sheets.
6
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.