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Frontier Comm. Offering $300 Million Of Notes
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FTR
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STAMFORD, Conn. (AP) — Frontier Communications Corp., a provider of phone, TV and Internet services, said Friday it has started a registered offering of $300 million of senior unsecured notes due 2014.
Frontier plans to use the proceeds to reduce, repurchase or refinance debt and for general corporate purposes.
Standard & Poor's Ratings Services assigned a preliminary "BB" unsecured debt rating to Frontier's offering Friday, and affirmed a "BB" corporate credit rating on the company. A "BB" rating is non-investment grade. ...
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