Frontier Communications Sells $200 Million in Convertible Notes to Verizon
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Frontier Communications Parent Inc. has announced a private placement of a Convertible Unsecured Promissory Note to Verizon Communications Inc., with Verizon extending up to $200 million in credit. The note converts into Frontier common stock at $38.50 per share. The transaction is under a private placement exemption of the Securities Act of 1933. The initial $50 million is drawn at issuance, with the remaining $150 million available in 2026, subject to Verizon's consent.
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