Frontier Communications 2012 Annual Report Download - page 78

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Additional information regarding our Senior Unsecured Debt at December 31, 2012 and 2011 is as
follows:
($ in thousands)
Principal
Outstanding
Interest
Rate
Principal
Outstanding
Interest
Rate
2012 2011
Senior Notes and Debentures Due:
1/15/2013 .......................... $ 502,658 6.250% $ 580,724 6.250%
5/1/2014 ........................... 200,000 8.250% 600,000 8.250%
3/15/2015 .......................... 300,000 6.625% 300,000 6.625%
4/15/2015 .......................... 374,803 7.875% 500,000 7.875%
10/14/2016* ........................ 517,500 3.095% (Variable) 575,000 3.175% (Variable)
4/15/2017 .......................... 1,040,685 8.250% 1,100,000 8.250%
10/1/2018 .......................... 600,000 8.125% 600,000 8.125%
3/15/2019 .......................... 434,000 7.125% 434,000 7.125%
4/15/2020 .......................... 1,100,000 8.500% 1,100,000 8.500%
7/1/2021 ........................... 500,000 9.250% — —
4/15/2022 .......................... 500,000 8.750% 500,000 8.750%
1/15/2023 .......................... 850,000 7.125% — —
11/1/2025 .......................... 138,000 7.000% 138,000 7.000%
8/15/2026 .......................... 1,739 6.800% 1,739 6.800%
1/15/2027 .......................... 345,858 7.875% 345,858 7.875%
8/15/2031 .......................... 945,325 9.000% 945,325 9.000%
10/1/2034 .......................... 628 7.680% 628 7.680%
7/1/2035 ........................... 125,000 7.450% 125,000 7.450%
10/1/2046 .......................... 193,500 7.050% 193,500 7.050%
8,669,696 8,039,774
Subsidiary Senior
Notes and Debentures Due:
12/1/2012 ........................ — — 36,000 8.050%
2/15/2028 ........................ 200,000 6.730% 200,000 6.730%
10/15/2029 . . . .................... 50,000 8.400% 50,000 8.400%
Total ........................ $8,919,696 7.86% $8,325,774 7.93%
*Represents borrowings under the Credit Agreement with CoBank.
On May 17, 2012, the Company completed a registered offering of $500 million aggregate principal
amount of 9.250% senior unsecured notes due 2021, issued at a price of 100% of their principal amount. We
received net proceeds of $489.6 million from the offering after deducting underwriting fees and offering
expenses. The Company also commenced a tender offer to purchase the maximum aggregate principal amount
of its 8.250% Senior Notes due 2014 (the 2014 Notes) and its 7.875% Senior Notes due 2015 (the April 2015
Notes and together with the 2014 Notes, the Notes) that it could purchase for up to $500 million in cash (the
Debt Tender Offer). The 2014 Notes had an effective interest cost of 10.855%, reflecting the fact that such
notes were issued at a discount in April 2009.
Pursuant to the Debt Tender Offer, the Company accepted for purchase $400 million aggregate principal
amount of 2014 Notes, tendered for total consideration of $446.0 million, and $49.5 million aggregate principal
amount of April 2015 Notes, tendered for total consideration of $54.0 million. Frontier used proceeds from the
sale of its May 2012 offering of $500 million of 9.250% Senior Notes due 2021, plus cash on hand, to purchase
the Notes.
In connection with the Debt Tender Offer and repurchase of the Notes, the Company recognized a loss of
$69.0 million for the premium paid on the early extinguishment of debt during 2012. We also recognized losses
of $2.1 million during 2012 for $78.1 million in total open market repurchases of our 6.25% Senior Notes
due 2013.
F-17
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements