Frontier Communications Files 8-K: Equity Sales, Officer Changes

TL;DR

Frontier (FYBR) filed an 8-K detailing equity sales and officer changes. Watch for details.

AI Summary

Frontier Communications Parent, Inc. filed an 8-K on December 19, 2025, reporting on unregistered sales of equity securities, departure/election of directors, and other events. The filing indicates a change in corporate officers and potentially new equity issuances, with the report date being December 18, 2025.

Why It Matters

This filing signals potential changes in the company's equity structure and leadership, which could impact investor confidence and future strategic direction.

Risk Assessment

Risk Level: medium — Filings related to equity sales and officer changes can indicate significant internal shifts or financial activities that may carry inherent risks.

Key Players & Entities

• Frontier Communications Parent, Inc. (company) — Registrant
• December 18, 2025 (date) — Earliest event reported
• December 19, 2025 (date) — Filing date
• 1919 McKinney Avenue, Dallas, Texas 75201 (location) — Principal business address

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share FYBR The Nasdaq Stock Mar
• $200 million — ial principal amount of credit of up to $200 million to Frontier Holdings, with $50 million
• $50 million — $200 million to Frontier Holdings, with $50 million drawn by Frontier Holdings at issuance,
• $150 million — Holdings at issuance, and the remaining $150 million of undrawn principal amount under the C
• $38.50 — r common stock at a conversion price of $38.50 per share. The Convertible Note was iss
• $3,640,000 — payments: For Mr. Jeffery, a total of $3,640,000 and 282,039 shares of common stock, par
• $1,050,000 — ated PSUs. For Mr. Beasley, a total of $1,050,000 and 128,682 shares of Company Common St
• $1,001,000 — d PSUs. For Ms. Bloodworth, a total of $1,001,000 and 26,039 shares of Company Common Sto
• $750 million — ent "), Barclays committed to provide a $750 million incremental term facility (the " Increm
• $135 million — tain specified senior indebtedness from $135 million to $830 million, subject to certain req
• $830 m — enior indebtedness from $135 million to $830 million, subject to certain requirements

Filing Documents

• ef20061604_8k.htm (8-K) — 42KB
• 0001140361-25-046200.txt ( ) — 169KB
• fybr-20251218.xsd (EX-101.SCH) — 4KB
• fybr-20251218_lab.xml (EX-101.LAB) — 21KB
• fybr-20251218_pre.xml (EX-101.PRE) — 16KB
• ef20061604_8k_htm.xml (XML) — 4KB

02

Item 3.02 Unregistered Sale of Equity Securities As previously disclosed, on August 27, 2025, Frontier Communications Parent, Inc. (the " Company "), Frontier Communications Holdings, LLC (" Frontier Holdings ") and Verizon Communications Inc. (" Verizon ") entered into a Convertible Unsecured Promissory Note (the " Convertible Note ") pursuant to which Verizon agreed to extend a maximum initial principal amount of credit of up to $200 million to Frontier Holdings, with $50 million drawn by Frontier Holdings at issuance, and the remaining $150 million of undrawn principal amount under the Convertible Note to be available in two tranches during designated periods in the first quarter of 2026 and, in the case of the final tranche, subject to Verizon's prior written consent (not to be unreasonably withheld, conditioned or delayed). On December 19, 2025, Verizon agreed to waive compliance by Frontier Holdings with the draw down periods and the notice requirements set forth in the Convertible Note in order to permit Frontier Holdings to draw the remaining $150 million of undrawn principal amount under the Convertible Note in an aggregate disbursement on such date. Immediately following such draw, the Convertible Note was fully drawn and no additional amounts may be drawn under the Convertible Note. As previously disclosed, all borrowings under the Convertible Note bear interest at the arms-length rate of Daily Simple SOFR plus 0.87% per annum, payable quarterly in cash or in kind at Frontier Holdings' option, and may be repaid in cash by Frontier Holdings in full or in part at any time prior to the termination of the Merger Agreement (as defined in Item 5.02 below.) The Convertible Note constitutes unsecured senior indebtedness of Frontier Holdings, and ranks equal in right of payment with all of its outstanding and future senior indebtedness and senior in right of payment to all of its subordinated obligations. Unless previously repaid or converted, the Convertible

02

Item 5.02. Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. As previously disclosed, on September 4, 2024, the Company entered into an Agreement and Plan of Merger (the " Merger Agreement ") with Verizon and France Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Verizon (" Merger Sub "), pursuant to which and subject to the terms and conditions thereof, Merger Sub will be merged with and into the Company (the " Merger "), with the Company surviving the merger as a wholly owned subsidiary of Verizon. In connection with the Merger, certain employees of the Company (including Nick Jeffery, Scott Beasley and Veronica Bloodworth (the " Executives ")) may become entitled to payments and benefits that may be treated as "excess parachute payments" within the meaning of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended (the " Tax Provisions "). To mitigate the potential impact of the Tax Provisions on the Company and its Executives, on December 18, 2025, in accordance with the terms of the Merger Agreement, the Compensation and Human Capital Committee of the Board of Directors of the Company (the " Committee ") approved the acceleration into December 2025 of the vesting and payments of annual cash incentive bonuses, a portion of the time-based restricted stock units (" RSUs ") and performance-based restricted stock units (" PSUs ") that would otherwise have been payable to the Executives in the ordinary course in the first quarter of fiscal year 2026. These actions are intended to benefit the Company by preserving compensation-related corporate income tax deductions for the Company that otherwise might be disallowed by the Tax Provisions and to mitigate or eliminate the amount of excise tax that may be payable by the Executives pursuant to the Tax Provisions. The Committee approved the following specific actions with respect to the

01

Item 8.01 Other Matters On December 19, 2025, Frontier Tampa Bay FL Fiber 1 LLC (the " Borrower ") and Frontier SPE FL Guarantor LLC (the " Guarantor "), each a subsidiary of the Company, entered into an incremental commitment letter (the " Incremental Commitment ") with Barclays Bank PLC (" Barclays "). Pursuant to the Incremental Commitment and in accordance with the terms of the Loan and Security Agreement, dated as of December 31, 2024 (as amended, the " Warehouse Credit Agreement "), Barclays committed to provide a $750 million incremental term facility (the " Incremental Term Loan "). The Incremental Term Loan is subject to customary conditions, including: the execution of a formal amendment to the Warehouse Credit Agreement to implement the Incremental Term Loan, satisfaction of business and legal diligence, the receipt of required regulatory approvals and satisfaction of the conditions to incurrence of an incremental term facility as set forth in the Warehouse Credit Agreement. Barclays is the sole lead arranger and bookrunner for the Incremental Term Loan. The Company may reduce or terminate the commitments under the Incremental Term Loan at any time without penalty, subject to any fees contemplated by a related fee letter. On December 19, 2025, Frontier Holdings entered into an amendment (the " 2025 Credit Agreement Amendment ") to the existing credit agreement that governs its senior secured term loan credit facility (the " Term Facility ") and revolving credit facility with certain lenders. The 2025 Credit Agreement Amendment, among other things, increases the existing prepayment exception with respect to the Term Facility in connection with the receipt of net available cash from the incurrence of certain specified senior indebtedness from $135 million to $830 million, subject to certain requirements and limitations.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FRONTIER COMMUNICATIONS PARENT, INC. By: /s/ Mark Nielsen Name: Mark Nielsen Title: Executive Vice President, Chief Legal & Regulatory Officer Date: December 19, 2025

View Full Filing

View this 8-K filing on SEC EDGAR