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Frontier preparing USD 1.15 billion first lien offering

Tuesday 29 September 2020 | 09:38 CET | News
US fixed operator Frontier Communications said it is preparing an offering of USD 1.15 billion worth of first lien secured notes due 2027, in a private transaction. Money raised from the exercise, together with a potential first lien term loan facility and cash on hand, will be used to pay back the existing prepetition 8.00 percent first lien secured notes due 2027. The notes offering will be subject to market and other conditions.

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Categories: Fixed
Companies: Frontier Communications
Countries: United States
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