Frontier Communications (FYBR) Announces $750M Notes Offering
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Frontier Offers $750 Million of First Lien Secured Notes
March 1, 2023 8:05 AM ESTNORWALK, Conn.--(BUSINESS WIRE)-- Frontier Communications Holdings, LLC (the Issuer), a consolidated subsidiary of Frontier Communications Parent, Inc. (NASDAQ: FYBR) (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 intends to use the net proceeds of the offering to fund capital investments and operating costs arising from the Companys fiber build and expansion of its fiber customer base, and for general corporate purposes.
The Notes and the... More
