Is Frontier Communications Going To File Chapter 11 Or Pay Down Debt And Survive? [Seeking Alpha]
FRONTIER COMMUNICATIONS (FTR)
Last frontier communications earnings: 3/31 05:21 pm
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US:NASDAQ Investor Relations:
investor.frontier.com/investor-relations
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Source: Seeking Alpha
Is Frontier Communications Going To File Chapter 11 Or Pay Down Debt And Survive? Summary Rumors abound that FTR is going to do some sort of "reorganization" Chapter 11 is being bandied about as the preferred reorganization option. That despite what looks like adequate liquidity thru 2024. The following imaginary conversation takes place in a Delaware bankruptcy court between the representative of Frontier Communications ( Judge: Mr. EBA (Expert Bankruptcy Attorney), I would like to review FTR's Chap. 11 filing with you before we have the creditors meeting to make certain I understand the logic behind your filing. SBA: yes your honor I will be more than happy to oblige. Judge: Now EBA if I understand this correctly you are filing Chap. 11 due to some large debt payments due in 2022 over 3 years from now is that correct. EBA: Yes your honor that is correct. Judge: And how much is that debt? EBA: About $2.7 billion due in 2022. Judge: And you have had some asset sales in the last few mo
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