Frontier Communications’ $1 Billion Notes Offering

Davis Polk advised the several initial purchasers in connection with the offering.

Frontier Communications Holdings executed its offering of $1 billion aggregate principal amount of 6.000% second-lien secured notes due 2030. 

J.P. Morgan Securities, Goldman Sachs & Co., Morgan Stanley & Co., Deutsche Bank Securities Inc., Barclays Capital Inc. and Credit Suisse Securities (USA) were the initial purchasers. 

Frontier offers a variety of services to residential and business customers over its fiber-optic and copper networks in 25 states, including video, high-speed Internet, advanced voice, and Frontier Secure digital protection solutions. Frontier Business offers communications solutions to small, medium and enterprise businesses.

The Davis Polk capital markets team included partner Marcel Fausten (Picture) and associates Jacqueline Marino, Courtney Y. Sohn and Chad Howard. The finance team included partner Kenneth J. Steinberg, counsel Benjamin Cheng and associate Davea Livingstone. The tax team included partner Patrick E. Sigmon. Partner Pritesh P. Shah provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice.

Involved fees earner: Benjamin Cheng – Davis Polk & Wardwell; Marcel Fausten – Davis Polk & Wardwell; Chad Howard – Davis Polk & Wardwell; Davea Livingstone – Davis Polk & Wardwell; Jacqueline Marino – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Courtney Sohn – Davis Polk & Wardwell; Kenneth Steinberg – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Capital ; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities; Goldman Sachs & Co.; JP Morgan Securities; Morgan Stanley;

Author: Alejandro Girola