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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 12:58 PM

Slide #161. Frontier Communications Corporation Preferred Stock Offering

Company: Frontier Communications Corporation (NASDAQ:FTR)
Date announced: 6/2/2015
Shares Offered: 17,500,000
Date of Pricing: 6/4/2015
Price Per Share: $100
Preferred Stock Offering Details: Frontier Communications Corporation (NASDAQ:FTR) announced today that it has commenced registered offerings of $750 million of common stock, par value $0.25 per share, and $1.750 billion of mandatory convertible preferred stock, par value $0.01 per share. Pursuant to the offerings, Frontier intends to grant the underwriters an option to purchase from Frontier up to an additional $75 million of common stock and up to an additional $175 million of mandatory convertible preferred stock. - updated 6/5 - Frontier Communications Corporation (NASDAQ:FTR) announced today that it has priced its previously announced registered offerings of $750 million of common stock, par value $0.25 per share, at a public offering price of $5.00 per share, and $1.750 billion of 11.125% Mandatory Convertible Preferred Stock, Series A, par value $0.01 per share (the "Mandatory Convertible Preferred Stock"), at a public offering price of $100.00 per share. Pursuant to the offerings, Frontier has granted the underwriters a 30-day option to purchase from Frontier up to an additional 15,000,000 shares of common stock and up to an additional 1,750,000 shares of Mandatory Convertible Preferred Stock, in each case at the public offering price per share. The offerings are expected to close on or about June 10, 2015, subject to customary closing conditions.

Frontier Communications is a provider of communications services. Co. provides broadband, video, voice and other services and products to its residential customers. Co. also serves commercial customers and wholesale carrier customers. Co. provides a range of services to its small business, medium business and larger enterprise customers, including broadband service, Ethernet service, traditional circuit-based services and voice services. Co. also sells customer premise equipment (CPE) and provides CPE-related maintenance services. As of Dec 31 2016, Co. operated as an incumbent local exchange carrier in 29 states.
Open the FTR Page at Ru Back Packer »

Name: Frontier Communications Corp
Website: frontier.com
Sector: Communications Services
Number of ETFs Holding FTR: 36 (see which ones)
Total Market Value Held by ETFs: $129,785,797
Total Market Capitalization: $644,000,000
% of Market Cap. Held by ETFs: 20.15%

Open the FTR Page at Ru Back Packer (in a new window) »

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