I'm interested in knowing the current debt level of Frontier Communications. Could you please provide me with the specific amount of debt that Frontier Communications currently holds?
Frontier's current debt profile, reflecting recent issuances and amendments, stands at approximately $11.6 billion in total outstanding debt. This substantial amount underscores the company's diverse capital structure, which incorporates various funding sources to support its operations and growth initiatives.
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ElenaWed Oct 23 2024
Among these funding avenues, Frontier has secured $2.4 billion through securitization debt in the period spanning 2023 to 2024. This type of debt is characterized by its asset-backed nature, where the collateral for the loans comprises the company's Texas-based assets, ensuring a robust and secure foundation for investors.
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DigitalLordGuardWed Oct 23 2024
The utilization of securitization debt underscores Frontier's strategic approach to debt financing. By leveraging its assets to secure funding, the company has been able to access capital at potentially more favorable rates while maintaining a flexible capital structure.
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GeishaEleganceWed Oct 23 2024
In addition to securitization debt, Frontier's debt portfolio comprises other sources of capital, each tailored to address specific financing needs and objectives. This diversified mix of debt instruments enables the company to maintain financial stability and resilience amidst potential market fluctuations.
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ClaudioWed Oct 23 2024
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