US triple-play operator Frontier Communications is offering US$500m 11-year senior notes.
JP Morgan is lead-left while Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley and RBS are joint book runners.
The proceeds,…
US triple-play operator Frontier Communications is offering US$500m 11-year senior notes.
JP Morgan is lead-left while Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley and RBS are joint book runners.
The proceeds, alongside cash on hand, will be used to purchase as much as US$674.8m of its outstanding 7.875% senior notes maturing in 2015 and 6.625% senior notes due 2015.
The Connecticut-based telco is yet to reveal the coupon the senior notes will carry.
Frontier offers fixed-line telephony, internet and television, and specialises in offering its services to customers in rural areas and smaller towns and cities across 27 states.
It has US$16.5bn in total debt according to its 2012 annual results with US$1.5bn set to mature this year. Last year it generated US$5bn in revenues.