Frontier Intends To Offer ~$750M Aggregate Principal Amount Of Secured Fiber Network Revenue Term Notes, With An Anticipated Repayment Date In May 2031
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications Parent, Inc. (NASDAQ:FYBR) plans to offer $750 million in secured fiber network revenue term notes, with repayment anticipated in May 2031. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in fiber expansion and copper migration strategies.
June 03, 2024 | 12:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Frontier Communications is issuing $750 million in secured fiber network revenue term notes, with proceeds aimed at repaying debt and funding fiber expansion and copper migration strategies.
The issuance of $750 million in secured notes will provide Frontier with capital to repay existing debt and invest in strategic initiatives, which could positively impact the company's financial stability and growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100