Frontier Communications $1.75 billion stock offering

10/7/2014

Convertible and hybrid securities, Share offer

Value:

$ 1.75 billion

Status:

Completed

Date:

10/7/2014

Overview:

Frontier Communications offered 17,500,000 shares of 11.125% Mandatory Convertible Preferred Stock.
The offer was valued at $1.75 billion.
JP Morgan, BofA Merrill Lynch and Citigroup acted as joint book-running managers and co-managers.
The offer was used to finance Frontier's acquisition of Verizon’s wireline business and statewide fiber networks.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal types:

Convertible and hybrid securities
Share offer

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:

Cahill Gordon & Reindel

Party: JP Morgan (Joint bookrunner)

Party: BofA Merrill Lynch (Joint bookrunner)

Party: Citigroup (Joint bookrunner)

Skadden Arps Slate Meagher & Flom

Party: Frontier Communications Corporation (Issuer)

Lawyer: Yossi Vebman

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