Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Frontier Communications Parent, Inc. incurred senior notes of up to $500 million with Barclays Bank plc maturing July 2026.
- Instrument
- senior notes
- Principal
- up to $500 million
- Counterparty
- Barclays Bank plc
- Maturity
- July 2026
- Event
- incurrence
Exact text from the filing
In connection with its previously announced fiber securitization offering, Frontier Issuer LLC (the “ Issuer ”), a limited-purpose, bankruptcy remote, wholly owned indirect subsidiary of Frontier Communications Parent, Inc., entered into a financing facility for the issuance of up to $500 million in Series 2023-2 Secured Fiber Network Revenue Variable Funding Senior Notes, Class A-1 (the “ Variable Funding Notes ”) on August 24, 2023 (the “ VFN Closing Date ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Frontier Communications Parent, Inc. entered into Series 2023-2 Supplement and Variable Funding Note Purchase Agreement with Citibank, N.A., Barclays Bank plc valued at Up to $500 million in Series 2023-2 Secured Fiber Network Revenue Variable Funding Senior Notes, Cla (effective 2023-08-24).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citibank, N.A., Barclays Bank plc
- Value
- Up to $500 million in Series 2023-2 Secured Fiber Network Revenue Variable Funding Senior Notes, Cla
- Effective
- 2023-08-24
Exact text from the filing
In connection with its previously announced fiber securitization offering, Frontier Issuer LLC (the “ Issuer ”), a limited-purpose, bankruptcy remote, wholly owned indirect subsidiary of Frontier Communications Parent, Inc., entered into a financing facility for the issuance of up to $500 million in Series 2023-2 Secured Fiber Network Revenue Variable Funding Senior Notes, Class A-1 (the “ Variable Funding Notes ”) on August 24, 2023 (the “ VFN Closing Date ”).
View on SEC.gov