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Latest FTR News From Around the Web
Below are the latest news stories about Frontier Communications Corp that investors may wish to consider to help them evaluate FTR as an investment opportunity.
Frontier Communications Receives Court Approval of All "First Day" Motions to Support Business Operations
Frontier Communications Corporation (NASDAQ: FTR) ("Frontier" or the "Company") today announced that it has received approvals on an interim basis from the U.S. Bankruptcy Court for the Southern District of New York for the "First Day" motions related to the Company’s voluntary Chapter 11 petitions filed on April 14, 2020.
Frontier (FTR) is presently focusing on various cost-control initiatives by introducing productivity and customer-oriented enhancements, thus improving efficiency in its daily operations.
The Norwalk, Connecticut-based company estimated its assets and liabilities both in the range of $10 billion to $50 billion, according to a filing in the U.S. Bankruptcy Court for the Southern District of New York. Frontier also said it would continue with the sale process of its operations and assets in Washington, Oregon, Idaho, and Montana to Northwest Fiber, and will also continue services and paying its vendors.
Frontier Communications Announces Restructuring Support Agreement to Support Continued Investment in Long-Term Growth
Frontier Communications Corporation (NASDAQ: FTR) ("Frontier" or the "Company") today announced that, together with its subsidiaries, it has entered into a Restructuring Support Agreement ("RSA") with bondholders representing more than 75% of Frontier’s approximately $11 billion in outstanding unsecured bonds (the "Bondholders"). The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the "Plan") that leaves unimpaired all general unsecured creditors and holders of secured and subsidiary debt. Under the RSA, the Bondholders have, subject to certain terms and conditions, agreed to support implementation of a Plan that is expected to reduce the Company’s debt by more than $10 billion and provide significant ...
(Bloomberg) -- Frontier Communications Corp. expects to file for bankruptcy as soon as Tuesday night with a plan to hand control to its unsecured creditors, according to people with knowledge of the matter.The telecom company is finalizing a restructuring plan that would see its $10.9 billion of unsecured notes convert to equity, with holders also receiving about $750 million in new notes, the people said. Frontier’s secured debt would be left in place. The people asked not to be identified discussing the confidential plan, which would be filed ahead of debt payments due April 15.Frontier, which provides internet, TV and phone service in 29 states, would continue operating while in bankruptcy, helped by a debtor-in-possession loan still being negotiated on Tuesday that could be around $...
Frontier Communications Corporation -- Moody's says Frontier's deferral of unsecured interest payments could lead to Limited Default after 60 day grace period ends
Moody's Investors Service (Moody's) said Frontier Communications Corporation's (Frontier) election to defer making interest payments totaling about $322 million on unsecured notes due 2020, 2021, 2022 and 2025 on March 16 begins the clock on a 60-day grace period. Moody's views this deferral announcement as credit negative. If the company were to fail to make these interest payments after the 60 days have passed, Moody's would view it as a default under Moody's definition.
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 Frontier’s capital structure.
Investors need to pay close attention to Frontier Communications (FTR) stock based on the movements in the options market lately.
Can We See Significant Institutional Ownership On The Frontier Communications Corporation (NASDAQ:FTR) Share Register?
Anyone researching Frontier Communications Corporation (NASDAQ:FTR) might want to consider the historical volatility...
Live Nation Entertainment, Zebra Technologies, STERIS Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
S&P; Dow Jones Indices will make the following index adjustments to the S&P; 500, S&P; MidCap 400 and S&P; SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, December 23 to coincide with the December rebalance.