Frontier Communications Holdings LLC 2021-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,000.0009Jan-302nd LienCaa2CCC+BB-FixedTsy6.25% a6.00-6.25%4596.00%-100.00000
Tranche Comments
9 yr: First Pay: 2022-07-15; Redemption: 2024-10-15; Registration: 144A/Reg S; Comments: US$1bn 6.00% cpn 8.25yr (1/15/30) NC3 (10/15/24) at 100.00, yld 6.00%. Spread: T+459bp. MWC T+50bp prior to 10/15/24, and then 103.00, 101.50, 100.00. Equity clawback: Up to 40% at 106 until 10/15/24. Settle: 10/13/21. 144A Cusip: 35908MAB6. CoC: 101%;
Use of Proceeds
Fund capital investments and operating costs and general corporate purposes
Research
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