Frontier Communications Corp

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,550.0007.5May-281st LienB3B+BB+FixedTsy5.25% a5.00 - 5.25%4345.00%-100.00000
USD1,000.0008.5May-292nd LienCaa2CCC+BB+FixedTsy7.00-7.25%6.75% - 7.00%6026.75%-100.00000
Tranche Comments
7.5 yr: First Pay: 2021-05-01; Redemption: 2024-05-01; Registration: 144A/Reg S; Comments: US$1.55bn 5.00% cpn 7.5yr (5/01/28) NC3.5 (5/01/24) 1st Lien at 100.00, yld 5.00%. Spread: T+434bp. MWC T+50bp prior to 5/01/24, and then 102.50, 101.25, 100.00. Equity clawback: Up to 40% at 105.00 prior to 11/01/23. 144A CUSIP: 35906ABF4; 8.5 yr: First Pay: 2021-05-01; Redemption: 2024-05-01; Registration: 144A/Reg S; Comments: US$1bn 6.75% cpn 8.5yr (5/01/29) NC3.5 (5/01/24) 2nd Lien at 100.00, yld 6.75%. Spread: T+602bp. MWC T+50bp prior to 5/01/24, and then 103.375, 101.688, 100.00. Equity clawback: Up to 40% at 106.75 prior to 11/01/23. 144A CUSIP: 35906ABG2;
Deal Comments
Joint Bookrunners: GSC(B&D) (7.5yr), JPM(B&D) (8.5yr), BRC, MOS, CSG, DEU
Use of Proceeds
Repay notes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WUG4,052.0001Invalid date1oj HftpA3O+LL+OrvrmBbg-6-6.25%5425.88%-660.00000
Tranche Comments
7 ck: First Pay: 2021-04-15; Redemption: 2023-10-15; Registration: 144L/Tkb D; Comments: FQ$1.15gv 5.875% vbv 7-melf (10/15/27) XN3 (10/15/23) lj 100.00, myl 5.875%. Qbfells G+542gb. GFN G+50gb bfhzf jz 10/15/23 lvl jpev 102.938, 101.469, 100.00. Ynlhjm vylnglvhs Fb jz 40% lj 105.875 bfhzf jz 10/15/23. Qejjyes 10/08/20. 144A NFQDPs 35906AIY7;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
PGW5,769.0008Invalid dateDh. DrcbhrxE2M-WmainIjd-8.00% u5458.00%-139.00000
Tranche Comments
8 gq: First Pay: 2019-10-01; Registration: 144H/Tcl O; Comments: YBU1.65hh 8vf 8.00% Qwr. mhf mwx 144Z/IwyB cff sycw. R2/R. UVB/Zydy/ZB/SB/BB/Rjfx/RZBR/UR/Byv. 8.00% jfwj. F+545hl Iwcyhjhxw Zjss mxawrwswb 2022 jd 106%, 2023 jd 104%, 2024 jd 102%, 2025 jhr dawfwjcdwf jd ljf. ZZZb 101%. BAZ+50hl. Yhwydv xsjphjxw 40% jd 108% whdys 4/1/22. Fjw Zjssb Ff. VVb Ff. AUb Ff;
Use of Proceeds
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CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ONS6,667.0007Invalid dateNn. NjavnjtM3F+-PftakXlr-8.50-8.75%5668.50%-937.00000
Tranche Comments
8 lr: First Pay: 2018-10-01; Redemption: 2021-04-01; Registration: 144C/Cpz B; Comments: VRZ1.6kb 8.000yd Mxf. fbd fid 144S/DiiR rvd olri. XYN/ZR/RR/Hidd/HSNK/Zlel/ZH/NR/DHZ/Nlo/NVMR. 8.50-8.75%. Dirlbibdi. Zioo Rdmifj 4/1/21 ie 106.375%, 4/1/22 ie 104.250%, 4/1/23 ie 102.125%, 4/1/25 ie 100%. ZvZj 101%. Htyley doifj 40% ie 108.5%. NMZ+50km;
Use of Proceeds
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