{"id":19374,"date":"2020-11-27T09:02:16","date_gmt":"2020-11-27T15:02:16","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19374"},"modified":"2020-11-30T09:02:28","modified_gmt":"2020-11-30T15:02:28","slug":"frontier-communications-sell-junk-bonds","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/","title":{"rendered":"Frontier Communications to Sell $2.8B of Junk Bonds as Part of Bankruptcy Exit"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Investors Who Were Sold Telecommunication Company\u2019s Bonds Grapple with Losses\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In its second sale in two months, Frontier Communications Corp. wants to sell $2.8B in junk bonds to help pay for its exit from bankruptcy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to sources that spoke with <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-19\/frontier-begins-2-8-billion-junk-bond-sale-to-exit-bankruptcy#:~:text=Frontier%20Communications%20Corp.%20is%20looking,such%20sale%20in%20two%20months.&amp;text=The%20company%20sold%20%241.65%20billion,plan%20to%20emerge%20from%20bankruptcy.\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Bloomberg<\/span><\/a><span style=\"font-weight: 400;\">, this includes new $1.8B first-lien bonds at an about 5.25% yield and another $1B of second-lien notes at a 7 &#8211; 7.25% yield. The new bonds, along with an increase to an existing term loan, are meant to allow Frontier to pay back debt it owes that will mature in 2024 and 2026.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/\"  title=\"Continue Reading Frontier Communications to Sell $2.8B of Junk Bonds as Part of Bankruptcy Exit\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors Who Were Sold Telecommunication Company\u2019s Bonds Grapple with Losses\u00a0 In its second sale in two months, Frontier Communications Corp. wants to sell $2.8B in junk bonds to help pay for its exit from bankruptcy.\u00a0 According to sources that spoke with Bloomberg, this includes new $1.8B first-lien bonds at an about 5.25% yield and another [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773],"tags":[4337,3566],"class_list":["post-19374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","tag-frontier-communications-bonds","tag-junk-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Frontier Communications to Sell $2.8B of Junk Bonds | Investment Fraud Lawyers<\/title>\n<meta name=\"description\" content=\"Telecommunications company, Frontier Communications, are to sell $2.8B in junk bonds as part of their bankruptcy exit. Find out more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Frontier Communications to Sell $2.8B of Junk Bonds | Investment Fraud Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Telecommunications company, Frontier Communications, are to sell $2.8B in junk bonds as part of their bankruptcy exit. Find out more.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/pexels-adrienn-1458283-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Frontier Communications to Sell $2.8B of Junk Bonds | Investment Fraud Lawyers","description":"Telecommunications company, Frontier Communications, are to sell $2.8B in junk bonds as part of their bankruptcy exit. 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Find out more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/pexels-adrienn-1458283-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Frontier Communications to Sell $2.8B of Junk Bonds as Part of Bankruptcy Exit","datePublished":"2020-11-27T15:02:16+00:00","dateModified":"2020-11-30T15:02:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/"},"wordCount":542,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/pexels-adrienn-1458283-1.jpg","keywords":["Frontier Communications bonds","Junk Bonds"],"articleSection":["Broker Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/","url":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/","name":"Frontier Communications to Sell $2.8B of Junk Bonds | Investment Fraud Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/frontier-communications-sell-junk-bonds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/11\/pexels-adrienn-1458283-1.jpg","datePublished":"2020-11-27T15:02:16+00:00","dateModified":"2020-11-30T15:02:28+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Telecommunications company, Frontier Communications, are to sell $2.8B in junk bonds as part of their bankruptcy exit. 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