Frontier Communications 2013 Annual Report Download - page 78

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Additional information regarding our Senior Unsecured Debt at December 31, 2013 and 2012 is as
follows:
($ in thousands)
Principal
Outstanding
Interest
Rate
Principal
Outstanding
Interest
Rate
2013 2012
Senior Notes and Debentures Due:
1/15/2013............................. $ — — $ 502,658 6.250%
5/1/2014. ............................. 200,000 8.250% 200,000 8.250%
3/15/2015............................. 105,026 6.625% 300,000 6.625%
4/15/2015............................. 96,872 7.875% 374,803 7.875%
10/14/2016* .......................... 460,000 3.045% (Variable) 517,500 3.095% (Variable)
4/15/2017............................. 606,874 8.250% 1,040,685 8.250%
10/1/2018............................. 582,739 8.125% 600,000 8.125%
3/15/2019............................. 434,000 7.125% 434,000 7.125%
4/15/2020............................. 1,021,505 8.500% 1,100,000 8.500%
7/1/2021. ............................. 500,000 9.250% 500,000 9.250%
4/15/2022............................. 500,000 8.750% 500,000 8.750%
1/15/2023............................. 850,000 7.125% 850,000 7.125%
4/15/2024............................. 750,000 7.625% — —
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%
7,857,066 8,669,696
Subsidiary Senior
Notes and Debentures Due:
2/15/2028 ........................ 200,000 6.730% 200,000 6.730%
10/15/2029 . . . .................... 50,000 8.400% 50,000 8.400%
Total ........................ $8,107,066 7.78%** $8,919,696 7.69%**
*Represents borrowings under the Credit Agreement with CoBank.
** Interest rate represents a weighted average of the stated interest rates of multiple issuances.
The Company has a credit agreement with CoBank, ACB, as administrative agent, lead arranger and a
lender, and the other lenders party thereto, for a $575.0 million senior unsecured term loan facility with a final
maturity of October 14, 2016 (the Credit Agreement). The entire facility was drawn upon execution of the
Credit Agreement in October 2011. Repayment of the outstanding principal balance is made in quarterly
installments in the amount of $14.4 million, which commenced on March 31, 2012, with the remaining
outstanding principal balance to be repaid on the final maturity date. Borrowings under the Credit Agreement
bear interest based on the margins over the Base Rate (as defined in the Credit Agreement) or LIBOR, at the
election of the Company. Interest rate margins under the facility (ranging from 0.875% to 2.875% for Base
Rate borrowings and 1.875% to 3.875% for LIBOR borrowings) are subject to adjustments based on the Total
Leverage Ratio of the Company, as such term is defined in the Credit Agreement. The current pricing on this
facility is LIBOR plus 2.875%. Proceeds of the facility were used to repay in full the remaining outstanding
principal on three debt facilities (Frontier’s $200 million Rural Telephone Financing Cooperative term loan
maturing October 24, 2011, its $143 million CoBank term loan maturing December 31, 2012, and its $130
million CoBank term loan maturing December 31, 2013) and the remaining proceeds were used for general
corporate purposes.
F-16
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements