Frontier Communications Corporation · Bankruptcy · 2020

8.000% First Lien Secured Notes due 2027

Frontier Communications Corporation · CUSIP 35906ABC1. 8 verified questions on this obligation.

Verified outcome

EligibleIs the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?

Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.

Source clauses

Indenture of 2019-03-15

Exhibit C Form of Security Agreement Additional Pari Passu Joinder
DEFINITIONS
DEFINITIONS
Section 1.03 Rules of Construction . For all purposes of
Section 3.01 Title and Terms . The aggregate principal
Section 3.02 Denominations . The Notes shall be issuable
Section 3.02 Denominations . The Notes shall be issuable
Section 9.01 Guarantee . Subject to the provisions of
EXHIBIT A

Currency: USD
Final maturity: 2027-04-01
Seniority: Senior
Governing law: State of New York
Form: Registered
Transferable: Yes (no contractual transfer restriction)
Coupon: 8.000%

Questions and verified answers

#1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Eligible
Indenture of 2019-03-15
#2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
Yes
Indenture of 2019-03-15
- Section 3.01 Title and Terms . The aggregate principal
- EXHIBIT A
#3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
Yes
Indenture of 2019-03-15
- DEFINITIONS
- Section 1.03 Rules of Construction . For all purposes of
#4 Does the instrument meet the Not Subordinated characteristic?
Yes
Indenture of 2019-03-15
- DEFINITIONS
- Section 9.01 Guarantee . Subject to the provisions of
#5 Does the instrument meet the Not Bearer characteristic?
Yes
Indenture of 2019-03-15
- Section 3.02 Denominations . The Notes shall be issuable
- Section 3.02 Denominations . The Notes shall be issuable
#6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
Yes
None: no clause making principal contingent was found.
#7 Does the instrument meet the Transferable characteristic?
Yes
None: no clause restricting transfer was found.
#8 Is the issuer of the instrument the Reference Entity?
Yes
Indenture of 2019-03-15
- Exhibit C Form of Security Agreement Additional Pari Passu Joinder
- EXHIBIT A

#	Question	Verified answer	Source clauses
1	Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent? Deliverability	Eligible	Indenture of 2019-03-15 Exhibit C Form of Security Agreement Additional Pari Passu Joinder DEFINITIONS DEFINITIONS Section 1.03 Rules of Construction . For all purposes of Section 3.01 Title and Terms . The aggregate principal Section 3.02 Denominations . The Notes shall be issuable Section 3.02 Denominations . The Notes shall be issuable Section 9.01 Guarantee . Subject to the provisions of EXHIBIT A
2	Does the instrument meet the Maximum Maturity characteristic (30 years)? Deliverable Obligation Characteristic	Yes	Indenture of 2019-03-15 Section 3.01 Title and Terms . The aggregate principal EXHIBIT A
3	Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)? Deliverable Obligation Characteristic	Yes	Indenture of 2019-03-15 DEFINITIONS Section 1.03 Rules of Construction . For all purposes of
4	Does the instrument meet the Not Subordinated characteristic? Deliverable Obligation Characteristic	Yes	Indenture of 2019-03-15 DEFINITIONS Section 9.01 Guarantee . Subject to the provisions of
5	Does the instrument meet the Not Bearer characteristic? Deliverable Obligation Characteristic	Yes	Indenture of 2019-03-15 Section 3.02 Denominations . The Notes shall be issuable Section 3.02 Denominations . The Notes shall be issuable
6	Is the instrument Not Contingent (principal not reducible for a reason other than payment)? Additional check	Yes	None: no clause making principal contingent was found.
7	Does the instrument meet the Transferable characteristic? Deliverable Obligation Characteristic	Yes	None: no clause restricting transfer was found.
8	Is the issuer of the instrument the Reference Entity? Reference Entity	Yes	Indenture of 2019-03-15 Exhibit C Form of Security Agreement Additional Pari Passu Joinder EXHIBIT A

Documents

Terms come from these documents. Fields the record omits show as not stated.

DOC-1 Frontier 8-K filed 2020-04-15, Item 1.03 Bankruptcy, petition 2020-04-14excerpts
DOC-2 Indenture dated March 15, 2019, 8.000% First Lien Secured Notes due 2027 (EX-4.1)excerpts

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