Frontier Completes Landmark Fiber Securitization Transaction - Seite 2

As previously announced, in connection with the offering of the Notes, the Issuer also entered into a commitment for a $500 million variable funding note facility (the “Variable Funding Notes”) with a delayed draw feature, subject to leverage tests and other customary drawing conditions.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the Notes or any other securities, and shall not constitute an offer to sell, solicitation of an offer to buy, or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Goldman Sachs & Co. LLC acted as lead structuring advisor and lead left bookrunner. Barclays Capital Inc. acted as joint structuring agent and joint active bookrunner. Morgan Stanley & Co. LLC acted as joint active bookrunner. Citizens Capital Markets, Inc., Deutsche Bank Securities Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC acted as passive bookrunners. Ropes & Gray LLP served as counsel to Frontier and Milbank LLP served as counsel to the initial purchasers in the offering.

About Frontier

Frontier (NASDAQ: FYBR) is the largest pure-play fiber provider in the U.S. Driven by our purpose, Building Gigabit America, we deliver blazing-fast broadband connectivity that unlocks the potential of millions of consumers and businesses.

Forward-Looking Statements

This release contains “forward-looking statements” related to future events. Forward-looking statements address our expectations or beliefs concerning future events, including, without limitation, the entry into the Variable Funding Notes facility and the terms of such facility and any amounts drawn thereupon, any future securitization opportunities and other matters. These statements are made on the basis of management’s views and assumptions, as of the time the statements are made, regarding future events and performance and contain words such as “intends to” or “will be.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. A wide range of factors could materially affect future developments and performance, including, but not limited to, uncertainties related to market conditions, our ability to consummate the Variable Funding Notes facility and other factors set forth in our other filings with the U.S. Securities and Exchange Commission (the “SEC”). This list of factors that may affect future performance and the accuracy of forward-looking statements is illustrative and is not intended to be exhaustive. You should consider these important factors, as well as the risks and other factors contained in our filings with the SEC, including our most recent Annual Report on Form 10-K. These risks and uncertainties may cause actual future results to be materially different than those expressed in such forward-looking statements. We do not intend, nor do we undertake any duty, to update any forward-looking statements.