Frontier announced the closing of its previously announced fiber securitization notes offering.
Frontier announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company has priced $750 million aggregate principal amount of secured fiber network revenue term notes, consisting of $530 million 6.2% Series 2024-1, Class A-2 term notes, $73 million 7.0% Series 2024-1, Class B term notes and $147 million 11.2% Series 2024-1, Class C term notes, each with an anticipated repayment date in May 2031 (collectively, the “Notes”).
Frontier announced that a limited-purpose, bankruptcy remote, indirect subsidiary of the Company intends to offer approximately $750 million aggregate principal amount of secured fiber network revenue term notes (the “Notes”), with an anticipated repayment date in May 2031, subject to market conditions and other factors.
Frontier published their 2023 sustainability report, which details the progress they made on their sustainability goals as they advanced their purpose – Building Gigabit America.
Frontier reported first-quarter 2024 results today.
Frontier launched their “Good to Go” ad campaign to tell America that fiber is a fast, reliable technology that will last a lifetime.
Frontier will report its first-quarter 2024 financial results on Friday, May 3, 2024.
Frontier will donate high-speed fiber internet to District Arts and Education of New Haven, Connecticut through our Broadband for Good program.
Frontier received $24.7M in grant funding to expand high-speed fiber broadband service to homes and businesses in rural Illinois.
Frontier reported fourth-quarter and full-year 2023 results today.