Frontier Communications Parent Reports Pricing Of $750M Of Secured Fiber Network Revenue Term Notes
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications Parent has announced the pricing of $750 million in secured fiber network revenue term notes. The notes include $530 million 6.3% Series 2024-1, Class A-2 term notes, $73 million 7.1% Series 2024-1, Class B term notes, and $147 million 11.4% Series 2024-1, Class C term notes, all with an anticipated repayment date in May 2031.
June 06, 2024 | 9:44 pm
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Frontier Communications Parent has priced $750 million in secured fiber network revenue term notes, which could impact the company's credit profile and future revenues.
The issuance of $750 million in secured fiber network revenue term notes indicates a significant financial move by Frontier Communications Parent. The different interest rates and classes of notes suggest a structured approach to managing debt, which could positively impact the company's credit profile and future revenues.
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