Frontier Communications Parent, Inc. Form 8-K Filing

Frontier Communications Parent, Inc. (the “Company”) disclosed significant financial and operational updates on December 19, 2025. In a Form 8-K filing, the Company detailed the full drawdown of a $200 million Convertible Unsecured Promissory Note with Verizon Communications Inc., originally entered into on August 27, 2025. This note, which bears interest at Daily Simple SOFR plus 0.87%, is unsecured senior indebtedness of Frontier Holdings, ranking equally with other senior indebtedness. The full amount is due on August 27, 2028, with an option to convert into shares of Frontier common stock at $38.50 per share upon termination of the Merger Agreement with Verizon. The filing also announced the acceleration of vesting and payments for certain employees (Nick Jeffery, Scott Beasley, and Veronica Bloodworth) in anticipation of the merger with Verizon. This includes accelerated annual cash incentive bonuses, restricted stock units (RSUs), and performance-based restricted stock units (PSUs), intended to preserve corporate tax deductions and mitigate excise taxes for the executives. Specific amounts and share issuances were detailed for each executive. Additionally, Frontier Tampa Bay FL Fiber 1 LLC, a subsidiary, entered into an incremental commitment letter with Barclays Bank PLC for a $750 million incremental term facility. Frontier Holdings also amended its credit agreement to increase the prepayment exception for its senior secured term loan facility.