Frontier Communications 2010 Annual Report Download - page 76

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Additional information regarding our Senior Unsecured Debt at December 31, 2010 and 2009 is as
follows:
($ in thousands)
Principal
Outstanding
Interest
Rate
Principal
Outstanding
Interest
Rate
2010 2009
Senior Notes:
Due 5/15/2011. . . . . . . . . . . . . . . . . . . . . . $ 76,089 9.250% $ 76,089 9.250%
Due 10/24/2011 . . . . . . . . . . . . . . . . . . . . 200,000 6.270% 200,000 6.270%
Due 12/31/2012 . . . . . . . . . . . . . . . . . . . . 144,000 1.688% (Variable) 145,500 1.625% (Variable)
Due 1/15/2013. . . . . . . . . . . . . . . . . . . . . . 580,724 6.250% 580,724 6.250%
Due 12/31/2013 . . . . . . . . . . . . . . . . . . . . 131,288 2.063% (Variable) 132,638 2.000% (Variable)
Due 5/1/2014. . . . . . . . . . . . . . . . . . . . . . . 600,000 8.250% 600,000 8.250%
Due 3/15/2015. . . . . . . . . . . . . . . . . . . . . . 300,000 6.625% 300,000 6.625%
Due 4/15/2015. . . . . . . . . . . . . . . . . . . . . . 500,000 7.875% — —
Due 4/15/2017. . . . . . . . . . . . . . . . . . . . . . 1,100,000 8.250% — —
Due 10/1/2018. . . . . . . . . . . . . . . . . . . . . . 600,000 8.125% 600,000 8.125%
Due 3/15/2019. . . . . . . . . . . . . . . . . . . . . . 434,000 7.125% 434,000 7.125%
Due 4/15/2020. . . . . . . . . . . . . . . . . . . . . . 1,100,000 8.500% — —
Due 4/15/2022. . . . . . . . . . . . . . . . . . . . . . 500,000 8.750% — —
Due 1/15/2027. . . . . . . . . . . . . . . . . . . . . . 345,858 7.875% 345,858 7.875%
Due 2/15/2028. . . . . . . . . . . . . . . . . . . . . . 200,000 6.730% — —
Due 10/15/2029 . . . . . . . . . . . . . . . . . . . . 50,000 8.400% — —
Due 8/15/2031. . . . . . . . . . . . . . . . . . . . . . 945,325 9.000% 945,325 9.000%
7,807,284 4,360,134
Debentures:
Due 11/1/2025. . . . . . . . . . . . . . . . . . . . . . 138,000 7.000% 138,000 7.000%
Due 8/15/2026. . . . . . . . . . . . . . . . . . . . . . 1,739 6.800% 1,739 6.800%
Due 10/1/2034. . . . . . . . . . . . . . . . . . . . . . 628 7.680% 628 7.680%
Due 7/1/2035. . . . . . . . . . . . . . . . . . . . . . . 125,000 7.450% 125,000 7.450%
Due 10/1/2046. . . . . . . . . . . . . . . . . . . . . . 193,500 7.050% 193,500 7.050%
458,867 458,867
Subsidiary Senior
Notes due 12/1/2012 . . . . . . . . . . . . . . . . 36,000 8.050% 36,000 8.050%
Capital Lease Obligation . . . . . . . . . . . . . . 79 — — —
Total . . . . . . . . . . . . . . . . . . . . . . . . $8,302,230 8.04% $4,855,001 7.86%
On September 8, 2010, we entered into a $190.0 million unsecured letter of credit facility. The terms of
the letter of credit facility are set forth in a Credit Agreement, dated as of September 8, 2010, among the
Company, the Lenders party thereto, and Deutsche Bank AG, New York Branch (the Bank), as Administrative
Agent and Issuing Bank (the Letter of Credit Agreement). The letter of credit was issued in its entirety as of
December 31, 2010. The commitments under the Letter of Credit Agreement expire on September 20, 2011,
with a Bank option to extend up to $100.0 million of the commitments to September 20, 2012. The Company is
required to pay an annual facility fee on the available commitment, regardless of usage. The covenants binding
on the Company under the terms of the Letter of Credit Agreement are substantially similar to those in the
Company’s other credit facilities, including limitations on liens, substantial asset sales and mergers, subject to
customary exceptions and thresholds. A letter of credit for $190.0 million was issued to the West Virginia
Public Service Commission to guarantee certain of our capital investment commitments in West Virginia in
connection with the Transaction.
On March 23, 2010, we entered into a $750.0 million revolving credit facility (the Credit Facility) that
became effective on July 1, 2010, concurrent with the closing of the Merger and the termination of the
F-17
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements