Frontier Communications to Enter 60-Day Grace Period on Interest Payment
March 16 2020 - 8:00AM
Business Wire
Continuing Constructive Discussions with
Bondholders
Serving Customers Without Interruption and
Working with Business Partners as Usual
Frontier Communications Corporation (NASDAQ: FTR) today
announced that it has elected to defer making the interest payments
due on March 16, 2020 on certain of its senior unsecured notes and
enter a 60-day grace period as it continues constructive
discussions with its bondholders regarding Frontier’s capital
structure.
FRONTIER STATEMENT:
We remain actively engaged in constructive discussions with our
bondholders as the Company continues to evaluate its capital
structure with an eye to reducing debt and interest expense. As
part of this process, Frontier has made the decision to take
advantage of the 60-day grace period allowed under the indenture to
facilitate ongoing discussions as we work to reach a comprehensive
resolution. Importantly, we continue to provide quality service to
our customers without interruption and work with our business
partners as usual.
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers a
variety of services to residential and business customers over its
fiber-optic and copper networks in 29 states, including video,
high-speed internet, advanced voice, and Frontier Secure® digital
protection solutions.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200316005390/en/
Investors: Luke Szymczak 203-614-5044 Vice President,
Investor Relations luke.szymczak@ftr.com
Media: Javier Mendoza 562-305-2345 Vice President,
Corporate Communications and External Affairs
javier.mendoza@ftr.com Meaghan Repko / Jed Repko Joele Frank
Wilkinson Brimmer Katcher 212-355-4449
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Frontier Communications (NASDAQ:FTR)
Historical Stock Chart
From Oct 2023 to Oct 2024