RESTRUCTURING

摘要

Telecommunications company FRONTIER COMMUNICATIONS, which is seeking to emerge from bankruptcy in early 2021, has lined up a mix of US$1.65bn in loans and notes to pay down its existing 8% first-lien secured notes due in 2027. The financing is split between a seven-year US$500m first-lien term loan and US$1.15bn in seven-year first-lien secured notes. The loan was scheduled to close on Friday.