Articles from Frontier Communications Parent, Inc.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported fourth-quarter and full-year 2024 results today. Additional information about the year and the past four years of the company’s turnaround can be found in its investor presentation here.

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Frontier (NASDAQFYBR) congratulates Commissioner Brendan Carr on his appointment as Chairman of the Federal Communications Commission.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced that its stockholders approved the acquisition by Verizon Communications Inc. (NYSE, NASDAQ: VZ) (“Verizon”) at its special meeting held on November 13, 2024. Approximately 63% of stockholders voted “For” the merger agreement proposal, with ten of the company’s top 12 stockholders voting to approve the transaction.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) today issued the following statement in response to reports published by ISS on November 1 and Glass Lewis on November 6 regarding its proposed transaction with Verizon:

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported third-quarter 2024 results today.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) today posted on its investor relations website and filed with the Securities and Exchange Commission an investor presentation detailing the significant value the proposed acquisition by Verizon Communications Inc. (NYSE, NASDAQ: VZ) (“Verizon”) creates for Frontier stockholders. The investor presentation is available on Frontier’s Investor Relations website.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported second-quarter 2024 results today.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering. This transaction is the Company’s second fiber securitization and again demonstrates the long-term value of Frontier’s fiber assets and the Company’s ability to flexibly access investment grade capital.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company has priced $750 million aggregate principal amount of secured fiber network revenue term notes, consisting of $530 million 6.2% Series 2024-1, Class A-2 term notes, $73 million 7.0% Series 2024-1, Class B term notes and $147 million 11.2% Series 2024-1, Class C term notes, each with an anticipated repayment date in May 2031 (collectively, the “Notes”). Collectively, the Notes have a weighted average yield of approximately 7.4%. The Notes will be secured by certain of Frontier’s fiber assets and associated customer contracts in North Texas and will qualify as an offering of green bonds.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company intends to offer approximately $750 million aggregate principal amount of secured fiber network revenue term notes (the “Notes”), with an anticipated repayment date in May 2031, subject to market conditions and other factors. The Notes will be secured by certain of Frontier’s fiber assets and associated customer contracts in North Texas and will qualify as an offering of green bonds.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced the execution of an amendment to its revolving credit facility. The amendment increases the amount of new securitization debt the company may issue and requires that a portion of the proceeds be used to refinance first lien debt.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported first-quarter 2024 results today.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported fourth-quarter and full-year 2023 results today.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced the appointment of Woody Young to its Board of Directors, effective immediately.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported third-quarter 2023 results today.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering as part of a $2.1 billion financing. The transaction unlocks access to new capital to fully fund its fiber build and provides the company with flexibility for future refinancing.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported second-quarter 2023 results today.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company (the “Issuer”) has priced $1.586 billion of aggregate principal amount of secured fiber network revenue term notes, consisting of $1.119 billion 6.60% Series 2023-1, Class A-2 term notes, $155 million 8.30% Series 2023-1, Class B term notes and $312 million 11.50% Series 2023-1, Class C term notes, each with an anticipated repayment term of five years (collectively, the “Notes”). Collectively, the Notes have a weighted average yield of approximately 8.797%. The Notes will be secured by certain of Frontier’s fiber assets and associated customer contracts in the Dallas metropolitan area and constitute the first offering of green bonds by a Frontier subsidiary.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”) today announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company intends to offer approximately $1.05 billion aggregate principal amount of secured fiber network revenue term notes (the “Notes”), with the potential to upsize, subject to market conditions and other factors. The Notes will be secured by certain of Frontier’s fiber assets and associated customer contracts in the Dallas metropolitan area and constitute the first offering of green bonds by a Frontier subsidiary.

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Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported first-quarter 2023 results today.

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Frontier Communications Holdings, LLC (the “Issuer”), a consolidated subsidiary of Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”), today announced the pricing of its previously announced private offering of $750 million aggregate principal amount of first lien secured notes due 2031 (the “Notes”). The Notes will bear interest at 8.625% per year and will be sold at a price equal to 100% of the aggregate principal amount. The Notes offering is expected to close on March 8, 2023, subject to customary conditions.

Frontier Communications Holdings, LLC (the “Issuer”), a consolidated subsidiary of Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier” or the “Company”), today announced that it intends to offer, subject to market conditions and other factors, $750 million aggregate principal amount of first lien secured notes due 2031 (the “Notes”) in a private transaction.

Frontier Communications Parent, Inc. (NASDAQFYBR) (“Frontier”) reported fourth-quarter and full-year 2022 results today.

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