Verizon Lines Up $10 Billion in Debt for Frontier Acquisition

Verizon Communications Inc. has lined up $10 billion of short-term bank funding to help fund its purchase of Frontier Communications Parent Inc., according to people familiar with the matter.

Morgan Stanley is leading a group of banks on the committed financing known as a bridge loan, said the people, who asked not to be identified as the details are private. Verizon said last month that it aimed to close the acquisition within about 18 months if regulators and Frontier’s shareholders agree to it.