Frontier replaces old revolver with $750 million revolver due 2016

By Angela McDaniels

Tacoma, Wash., May 6 - Frontier Communications Corp. entered into a new $750 million revolving credit facility due Nov. 3, 2016 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA is the administrative agent.

The interest rate and facility fees were not specified in the filing.

The new revolver will be available for general corporate purposes but may not be used to fund dividend payments.

In connection with the new revolver, the company terminated its existing $750 million revolver dated March 23, 2010. JPMorgan was the administrative agent for that revolver also.

Frontier is a telecommunications company based in Stamford, Conn.

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