Frontier Communications Announces Debt Repayment
STAMFORD, Conn.--(BUSINESS WIRE)-- Frontier Communications Corporation (NAS: FTR) announced today that on January 15, 2013 it repaid its 6.25% Senior Notes due January 15, 2013 of $502.7 million. The repayment was made with cash available on hand. John M. Jureller, the Company's Executive Vice President and Chief Financial Officer-Elect, who joined Frontier earlier this month, commented that "the Company also remains committed to de-leveraging its balance sheet and is always looking at opportunistic situations to make debt repurchases and reduce leverage from its available cash balances and its on-going operating free cash flow."
About Frontier Communications
Frontier Communications Corporation (NAS: FTR) , is an S&P 500 company and is included in the FORTUNE 500 list of America's largest corporations. Frontier offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings and specialized bundles for residential customers, small businesses and home offices and medium and large businesses in 27 states. Frontier's approximately 15,250 employees are based entirely in the United States. More information is available at www.frontier.com.
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