secwatch.observer — SEC 8-K summary
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Issuer:     Frontier Communications Parent, Inc. (—)
CIK:        0000020520
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001140361-23-041306
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/0001140361-23-041306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20520/000114036123041306/brhc20058016_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-041306

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer