Frontier Communications Parent, Inc. announced that an indirect subsidiary of the Company intends to offer approximately $1.05 billion aggregate principal amount of secured fiber network revenue term notes, with the potential to upsize, subject to market conditions and other factors. The Notes will be secured by certain of Frontier?s fiber assets and associated customer contracts in the Dallas metropolitan area and constitute the first offering of green bonds by a Frontier subsidiary. Frontier intends to use the net proceeds of the offering to, among other things, defease certain existing indebtedness and for general corporate purposes, including potential investments or expenditures, such as capital expenditures and research and development, in line with Frontier?s fiber expansion and copper migration strategies.
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the "nickster" will save us all!
Security and FOOBAR do not coincide. Who comes up with this $HIT?
Fiber Securitization Offering.......LMFAO!
FOOBAR HR TEAM ON THIS THREAD. EAT CROW.
Securitization…..hipster term. There is zero security w/FOOBAR
Securitization.....hipster term meaning "I need money that isn't mine and I'll spend it on social issues"
FOOBAR should be pronounce FUBAR
Securitization…..hipster term. There is zero security w/FOOBAR
down arrow id--ts
Big telecom companies are working to reassure investors about two burdens: toxic lead and heavy debt. Questions about the latter will linger in the background this week as AT&T and Verizon use their quarterly earnings reports to address more immediate questions about lead-lined cables. Both companies inherited a web of aging telephone lines from their predecessor companies but reap almost all of their profits from more modern fiber optics and cellphone connections.
bull sheep
This company does not deserve another dime from anyone.