This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Frontier Communications Announces Upsize And Amendment To Tender Offers To Include 8.250% Senior Notes Due 2017

Stocks in this article: FTR

Holders who validly tender (and do not validly withdraw) April 2015 Notes at or prior to 5:00 p.m., New York City time, on April 9, 2013, unless extended (the “April 2015 Notes Early Tender Deadline”), will be eligible to receive the “April 2015 Notes Total Consideration,” which for each $1,000 principal amount of April 2015 Notes validly tendered is equal to $1,141.91, including an early tender premium (the “April 2015 Notes Early Tender Premium”) of $30.00 per $1,000 principal amount of April 2015 Notes. Holders who validly tender (and do not validly withdraw) April 2015 Notes after the April 2015 Notes Early Tender Deadline and prior to the Expiration Date will not be eligible to receive the April 2015 Notes Early Tender Premium, and instead will be eligible to receive only the “April 2015 Notes Offer Consideration,” which for each $1,000 principal amount of April 2015 Notes is equal to the April 2015 Notes Total Consideration less the April 2015 Notes Early Tender Premium.

The consideration payable for each $1,000 principal amount of 2017 Notes will be determined based on a modified “Dutch Auction” procedure. The aggregate principal amount of 2017 Notes to be repurchased by Frontier is limited to the Modified Dutch Auction Cap. Holders who validly tender (and do not validly withdraw) 2017 Notes at or prior to 5:00 p.m., New York City time, on April 9, 2013, unless extended (the “2017 Notes Early Tender Deadline”), will be eligible to receive the applicable “2017 Notes Total Consideration,” including an early tender premium (the “2017 Notes Early Tender Premium”) of $30.00 per $1,000 principal amount of 2017 Notes. Holders who validly tender (and do not validly withdraw) 2017 Notes after the 2017 Notes Early Tender Deadline and prior to the Expiration Date will not be eligible to receive the 2017 Notes Early Tender Premium, and instead will be eligible to receive only the “2017 Notes Offer Consideration,” which for each $1,000 principal amount of 2017 Notes is equal to the 2017 Notes Total Consideration less the 2017 Notes Early Tender Premium. Frontier reserves the right, in its sole discretion, to increase the Modified Dutch Auction Cap for the 2017 Notes subject to compliance with applicable law.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs