U.S. Markets open in 4 hrs 58 mins

Frontier Communications Corporation (FTRCQ)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.1010-0.0010 (-0.98%)
At close: 3:58PM EST
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.1020
Open0.1001
BidN/A x N/A
AskN/A x N/A
Day's Range0.1001 - 0.1065
52 Week Range0.0600 - 1.0000
Volume442,662
Avg. Volume526,536
Market Cap10.584M
Beta (5Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 04, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 14, 2017
1y Target Est1.00
  • Business Wire

    Frontier Communications Prices $1.55 Billion First Lien Secured Notes Offering and $1.00 Billion Second Lien Secured Notes Offering

    Frontier Communications Corporation (OTC: FTRCQ) ("Frontier Communications") announced today that it has priced its previously announced offering of $1.55 billion aggregate principal amount of First Lien Secured Notes due 2028 (the "First Lien Secured Notes") and $1.00 billion aggregate principal amount of Second Lien Secured Notes due 2029 (the "Second Lien Secured Notes" and, together with the First Lien Secured Notes, the "Notes") in a private transaction. The First Lien Secured Notes will bear interest at 5.00% per year and will be sold at a price equal to 100% of the principal thereof. The Second Lien Secured Notes will bear interest at 6.75% per year and will be sold at a price equal to 100% of the principal thereof. The settlement of the Notes is expected to occur on or about November 25, 2020, subject to customary closing conditions.

  • Bloomberg

    Frontier Begins $2.8 Billion Junk-Bond Sale to Exit Bankruptcy

    (Bloomberg) -- Frontier Communications Corp. is looking to sell $2.8 billion of junk bonds to help finance its emergence from bankruptcy, its second such sale in two months.The telecommunications company is sounding out investors for a new $1.8 billion first-lien bond at a yield of around 5.25%, according to people familiar with the matter who asked not to be identified because the discussions are private.The company is also marketing $1 billion of second-lien notes, which have a more junior claim on its assets, at a yield between 7% and 7.25%, the people said.The new bonds, which are being offered in conjunction with an increase to an existing term loan, will help Frontier repay debt maturing in 2024 and 2026, according to a statement.Frontier filed for bankruptcy in April after months of negotiations with creditors over how to best restructure its $17 billion of debt. It was the biggest telecom filing since Worldcom Inc. in 2002, reflecting years of decline in its business providing internet, TV and phone service in 29 states.The company’s restructuring plan to cut more than $10 billion of debt was approved by a bankruptcy court in August, and it aims to exit Chapter 11 by the first quarter of 2021.The company sold $1.65 billion of debt in early October as part of its plan to emerge from bankruptcy.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Frontier Communications Announces $1.8 Billion First Lien Secured Notes Offering and $1.0 Billion Second Lien Secured Notes Offering

    Frontier Communications Corporation (OTC: FTRCQ) ("Frontier Communications") announced today that it intends to offer $1.8 billion aggregate principal amount of First Lien Secured Notes due 2028 (the "First Lien Secured Notes") and $1.0 billion aggregate principal amount of Second Lien Secured Notes due 2029 (the "Second Lien Secured Notes" and, together with the First Lien Secured Notes, the "Notes") in a private transaction.