Key Developments: Frontier Communications Corp (FTR.O)
4.42USD
17 May 2013
$0.02 (+0.45%)
$4.40
$4.38
$4.42
$4.32
6,736,230
8,958,448
$5.15
$3.17
Latest Key Developments (Source: Significant Developments)
Frontier Communications Corp Declares Second-Quarter Dividend
Frontier Communications Corp announced that Board of Directors has declared a regular quarterly cash dividend payment of $0.10 per share of common stock, payable on June 28, 2013 to holders of record of common stock at the close of business on June 7, 2013. Full Article
Frontier Communications Corp Announces Offering of $500 Million of Senior Notes
Frontier Communications Corp announced that it has commenced a registered offering of $500 million aggregate principal amount of Senior Notes due 2024 (the Notes). Frontier expects to use the net proceeds from the offering of the Notes, together with available cash, to finance its cash tender offers, announced today, to purchase up to $674.8 million in aggregate principal amount of its outstanding 7.875% Senior Notes due 2015 and 6.625% Senior Notes due 2015. If the tender offers are terminated for any reason, or if any net proceeds otherwise remain following the tender offers, Frontier intends to use such net proceeds for the selective repurchase, repayment or redemption of its outstanding debt or otherwise for general corporate purposes. The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. Full Article
Frontier Communications Corp Announces Management Changes
Frontier Communications Corp announced that Board of Directors has appointed John M. Jureller Executive Vice President and Chief Financial Officer of the Company. Full Article
Frontier Communications Corp Declares First-Quarter Dividend
Frontier Communications Corp announced that Board of Directors has declared a regular quarterly cash dividend payment of $0.10 per share of common stock, payable on March 29, 2013 to holders of record of common stock at the close of business on March 8, 2013. Full Article
Frontier Communications Corp Announces Resignation Of Chief Financial Officer
Frontier Communications Corp announced that Don Shassian, its Executive Vice President and Chief Financial Officer (CFO), will be resigning from the Company. Mr. Shassian will remain in his current position as Chief Financial Officer through the year-end 2012 closing process and filing of the year-end financial statements and certifications on February 26, 2013. He will be succeeded by John M. Jureller who will join the Company on January 7, 2013 and become Chief Financial Officer on February 27, 2013. Mr. Shassian will remain with Frontier until March 31, 2013 to help transition responsibilities. Full Article
Frontier Communications Corp Declares Fourth Quarter Dividend
Frontier Communications Corp announced that its board of directors has declared a regular quarterly cash dividend payment of $0.10 per share of common stock, payable on December 31, 2012 to holders of record of common stock at the close of business on December 7, 2012. Full Article
Frontier Communications Corp Announces Pricing Of Upsized Add On Offering Of $250 million Of Senior Notes Due 2023
Frontier Communications Corp announced that it has priced an upsized registered offering of $250 million aggregate principal amount of 7.125% senior notes due 2023 (the Notes). The size of the offering was increased to $250 million from the previously announced $200 million. The Notes are an additional issuance of and will be fully fungible and form a single series voting together as one class with the $600,000,000 of 7.125% Senior Notes due 2023 issued on August 15, 2012. The Notes will be issued at a price of 104.25% of their principal amount (equating to an effective yield to maturity of 6.55%), plus accrued interest from August 15, 2012. Frontier will use the net proceeds from the sale of the Notes to repurchase or retire its existing indebtedness or for general corporate purposes. The joint book-running managers for the offering are Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. Full Article
Frontier Communications Corp Announces Add On Offering Of $200 Million Of 7.125% Senior Notes Due 2023
Frontier Communications Corp announced that it has commenced a registered offering of $200 million aggregate principal amount of senior notes due 2023 (the Notes). The Notes are an additional issuance of and will be fully fungible and form a single series voting together as one class with the $600,000,000 of 7.125% Senior Notes due 2023 issued on August 15, 2012. Frontier will use the net proceeds from the sale of the Notes to repurchase or retire its existing indebtedness or for general corporate purposes. The joint book-running managers for the offering are Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. Full Article
Frontier Communications Corp Announces Pricing of Upsized Offering of $600 million of Senior Notes Due 2023
Frontier Communications Corp announced that it has priced an upsized registered offering of $600 million aggregate principal amount of 7.125% senior notes due 2023 (the Notes). The size of the offering was increased to $600 million from the previously announced $500 million. The Notes will be issued at a price of 100% of their principal amount. Frontier will use the net proceeds from the sale of the Notes to repurchase or retire its existing indebtedness or for general corporate purposes. The joint book-running managers for the offering are Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. Full Article
Frontier Communications Corp Announces Offering Of $500 Million Of Senior Notes Due 2023
Frontier Communications Corp announced that it has commenced a registered offering of $500 million aggregate principal amount of senior notes due 2023 (the Notes). Frontier will use the net proceeds from the sale of the notes to repurchase or retire its existing indebtedness or for general corporate purposes. The joint book-running managers for the offering are Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. Full Article
Republic Airways says still working to shed Frontier unit
April 30 - Republic Airways Holdings said on Tuesday it still plans to shed its Frontier unit by June or July, depending on whether a sales agreement is reached.
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