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Frontier Communications (FTR -1.4%) continues to trade near multi-decade lows after announcing...

  • Thursday, May 17, 2012, 12:08 PM ET
    Frontier Communications (FTR -1.4%) continues to trade near multi-decade lows after announcing it will refinance $500M worth of debt by swapping $500M worth of senior notes due in 2014 and 2015 at respective yields of 8.25% and 7.875% with senior notes due in 2021 (no yield is given). As of March 31, Frontier, which sports a market cap of $3.2B, had $8.3B worth of long-term debt on its balance sheet.
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    Live in the Southwest since I from Chicago in 1985. Best thing I ever did. Been in and out of the Market since 1974. Bougt stock in Fisrt National Bank of Chicag. thinking the FED's would ride to the rescue. Not. Now Ftontierits time to get the tar and feathers and a rail for the board of director and mangament.
    17 May 2012, 03:32 PM Reply Like
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