UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 16, 2020
Frontier Communications Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization) | 001-11001
(Commission File Number) | 06-0619596
(IRS Employer Identification No.) |
401 Merritt 7, Norwalk, Connecticut 06851
(Address of principal executive offices) (Zip Code)
(203) 614-5600
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange |
Common Stock, $0.25 par value
| FTR
| The NASDAQ Stock Market LLC
|
Preferred Stock Purchase Rights
| n/a
| The NASDAQ Stock Market LLC
|
| Item 7.01 | Regulation FD Disclosure. |
On March 16, 2020, Frontier Communications Corporation (the “Company”) elected to defer making the interest payments of approximately $322 million due on March 16, 2020 with respect to its outstanding senior unsecured (a) 8.875% notes due 2020, (b) 10.500% notes due 2022, (c) 11.000% notes due 2025, and (d) 6.25% notes due 2021 (collectively, the “Notes”). The indentures governing the Notes allow the Company a 60-day grace period to make the interest payments. The Company has elected to enter into the grace period in order to continue collaborative discussions with its noteholders regarding a potentially consensual restructuring of the Company’s indebtedness.
On March 16, 2020, the Company issued a press release regarding the foregoing, which is furnished herewith as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | | Description of Exhibit |
| | Press Release dated March 16, 2020. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | FRONTIER COMMUNICATIONS CORPORATION |
| | | |
| Date: March 16, 2020 | By: | /s/ Mark D. Nielsen |
| | | Mark D. Nielsen |
| | | Executive Vice President, Chief Legal Officer and Chief Transaction Officer |
