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Frontier Closes $1.0 Billion Of Second Lien Secured Notes

Oct 13, 2021•almost 4 years ago

Amount Raised

$1 Billion

Norwalk

Description

Frontier Communications Holdings, LLC (the “Issuer”), a consolidated subsidiary of Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced private offering of $1.0 billion aggregate principal amount of second lien secured notes due 2030 (the “Notes”). The Notes bear interest at 6.000% per year and were issued at a price equal to 100% of the aggregate principal amount.

Company Information

Company

Frontier Communications

Location

Norwalk, Connecticut, United States

About

Frontier Communications offers a variety of services to residential and business customers over its fiber-optic and copper networks in 25 states, including high-speed Internet, advanced voice, video, and Frontier Secure® digital protection solutions. Frontier Business™ offers communications solutions to small, medium, and enterprise businesses.