---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-041306"
form_type: "8-K"
ticker: null
cik: "0000020520"
company_name: "Frontier Communications Parent, Inc."
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:44:02.405599+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Frontier establishes $500M fiber securitization facility; no initial draw

## Summary
- Up to $500M in Series 2023-2 secured fiber network revenue variable funding notes issued by Frontier Issuer LLC (subsidiary of Frontier Communications).
- No amount drawn as of August 24, 2023 closing date.
- Anticipated repayment date July 2026, with two optional one-year extensions; 5.0% additional interest after that date.
- Facility is part of previously announced fiber securitization offering, governed by Class A-1 Note Purchase Agreement.

## SEC filing metadata
- accession: 0001140361-23-041306
- form_type: 8-K
- cik: 0000020520
- company_name: Frontier Communications Parent, Inc.
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/0001140361-23-041306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/brhc20058016_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-041306
- JSON: https://secwatch.observer/filing/0001140361-23-041306.json
- Plain text: https://secwatch.observer/filing/0001140361-23-041306.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/0001140361-23-041306-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/0001140361-23-041306-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.