Cahill Represents Initial Purchasers in $1.650 Billion Notes Offering for Frontier Communications Corporation
Cahill represented the initial purchasers in connection with Rule 144A offering of $1,650,000,000 aggregate principal amount of 8.000% first lien secured notes due 2027 by Frontier Communications Corporation, a leading provider of data, video and voice services in the United States. Cahill also represented the lead arranger in connection with an amendment to Frontier Communications Corporation’s Credit Agreement with JPMorgan Chase Bank, N.A. to, among other things, extend the maturity date of $835 million of its $850 million revolving credit facility. Proceeds from the offering were used to refinance existing indebtedness and to pay related interest, fees and expenses.