Frontier Creditors Prod Telecom to Overhaul Its Debt
- Bondholders want formalized talks on $17 billion of borrowings
- Some are said to prefer bankruptcy to protect their priority
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Talks are heating up between Frontier Communications Corp. and its creditors over a potential restructuring of its $17 billion debt load.
Advisers for three groups of creditors have held informal discussions with Frontier ahead of $2.7 billion of debt maturities in 2022, according to people with knowledge of the matter. Those notes trade at deeply distressed levels, and the company has signaled it may be ready for a more official process by adding board members with turnaround experience.