Mon 08/28/2023 07:00 AM
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Jeremy Sherby, CFA
Alisha Turak, JD

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Press Release

On Aug. 9, Frontier Communications announced that it had closed on a securitization transaction whereby the company issued an aggregate of $1.586 billion of secured fiber revenue notes. To create these secured notes, Frontier contributed various Dallas-area assets to a bankruptcy-remote special-purpose entity. CFO Scott Beasley described it as a “landmark deal.”

According to an...
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