This Week
  • Research and development efforts in construction come from collaboration.

  • The first apartments will be ready next spring at Southpoint Cove in Penfield.

  • CEO Dawn Smith worked her way up through the ranks at Pace Electronics of Sodus.

  • Aloi Solutions LLC is focusing on automation and integration to grow.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

  • The new edition of Explore Greater Rochester is here.

Frontier to offer $500 million in senior notes due in 2024

Rochester Business Journal
March 27, 2013

Frontier Communications Corp. announced Wednesday that it has begun a $500 million offering on the aggregate principal amount of senior notes due in 2024.

The company said, in a statement, it plans to use the proceeds from the offering along with available cash to finance the purchase of up to $674.8 million aggregate principal amount outstanding 7.875 percent senior notes due in March 2015 and 6.625 percent senior notes due in April 2015.

The offers on the senior notes are scheduled to expire on April 24, 2013, unless extended or terminated.

Shares of Frontier (NasdaqGS: FTR) were trading midday at $3.84, down 2 percent from Tuesday’s close.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google