Frontier Communications to Enter 60-Day Grace Period on Interest Payment
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 Frontiers capital structure.
- 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 Frontiers capital structure.
- 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.
- 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.