Frontier Communications Corporation (NASDAQ:FTR) Files An 8-K Regulation FD DisclosureItem 7.01.
On June25, 2018, Frontier Communications Corporation (“Frontier”) announced that it is seeking to borrow an incremental $240million in its senior secured term loan B facility, subject to market and customary conditions. Frontier intends to use the proceeds of the incremental term loan B to repay borrowings under its credit agreements with CoBank ACB. Frontier also has launched technical amendments to its credit agreements with JPMorgan Chase Bank, N.A., and CoBank ACB, respectively, to, among other things, replace certain operating subsidiary pledges with pledges of direct subsidiaries of Frontier and to strengthen the lenders’ security package.
Frontier will make available to lenders under the credit agreements a presentation discussing Frontier, the proposed amendments and the incremental term loan B. In connection therewith, Frontier also reaffirmed its full year 2018 guidance. A copy of that presentation is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
The information in the lender presentation should be read in conjunction with the Company’s other filings with the SEC, including its Annual Report on Form 10-K filed on March1, 2018, and its most recent Quarterly Report on Form 10-Q, filed on May4, 2018. For a reconciliation of certain Non-GAAP measures included in the lender presentation to the most comparable GAAP measures, see the Company’s earnings release furnished with the Current Report on Form 8-K filed on May1, 2018.
| Item 7.01 | Financial Statements and Exhibits |
(d) Exhibits
|
Exhibit Number |
Description |
| 99.1 | Lender Presentation. |
FRONTIER COMMUNICATIONS CORP ExhibitEX-99.1 2 d580868dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Amendment Proposal June 25,…To view the full exhibit click here
About Frontier Communications Corporation (NASDAQ:FTR)
Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice services to residential and business customers in its service areas; network access to interexchange carriers for origination and termination of long distance voice and data traffic; sales of its own and third-party video services, and sales of customer premise equipment.
