Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-Term Debt [Abstract]

Long-Term Debt

				For the year ended December 31, 2019
($ in millions)	January 1, 2019			Payments and Retirements			New Borrowings		December 31, 2019			Interest Rate at December 31, 2019*
Secured debt issued by Frontier	$	5,246		$	(2,134	)	$	2,599	$	5,711			7.24	%
Unsecured debt issued by Frontier		11,297			(348	)		-		10,949			9.62	%
Secured debt issued by subsidiaries		107			(1	)		-		106			8.36	%
Unsecured debt issued by subsidiaries		750			-			-		750			6.90	%
Total debt	$	17,400		$	(2,483	)	$	2,599	$	17,516			8.72	%
Less: Debt Issuance Costs		(178	)							(168	)
Less: Debt Premium/(Discount)		(50	)							(46	)
Less: Current Portion		(814	)							(994	)
	$	16,358							$	16,308

* Interest rate includes amortization of debt issuance costs and debt premiums or discounts.  The interest rates at December 31, 2019 represent a weighted average of multiple issuances.

Schedule Of Unsecured Debt

	December 31, 2019					December 31, 2018
($ in millions)	Principal Outstanding		Interest Rate			Principal Outstanding		Interest Rate
Secured debt issued by Frontier
Term loan due 3/31/2021 (1)	$	-				$	1,402	5.280% (Variable)
Term loan due 10/12/2021(2)		-					239	7.405% (Variable)
Revolver due 2/27/2024(3)		749	4.760% (Variable)				275	5.280% (Variable)
Term loan due 6/15/2024 (4)		1,699	5.550% (Variable)				1,716	6.280% (Variable)
First lien notes due 4/1/2027		1,650		8.000	%		-
Second lien notes due 4/1/2026		1,600		8.500	%		1,600		8.500	%
IDRB due 5/1/2030		13		6.200	%		13		6.200	%
Equipment financings		-					1		0.000	%
Total secured debt issued by Frontier		5,711					5,246
Unsecured debt issued by Frontier
Senior notes due 3/15/2019		-					348		7.125	%
Senior notes due 4/15/2020		172		8.500	%		172		8.500	%
Senior notes due 9/15/2020		55		8.875	%		55		8.875	%
Senior notes due 7/1/2021		89		9.250	%		89		9.250	%
Senior notes due 9/15/2021		220		6.250	%		220		6.250	%
Senior notes due 4/15/2022		500		8.750	%		500		8.750	%
Senior notes due 9/15/2022		2,188		10.500	%		2,188		10.500	%
Senior notes due 1/15/2023		850		7.125	%		850		7.125	%
Senior notes due 4/15/2024		750		7.625	%		750		7.625	%
Senior notes due 1/15/2025		775		6.875	%		775		6.875	%
Senior notes due 9/15/2025		3,600		11.000	%		3,600		11.000	%
Debentures due 11/1/2025		138		7.000	%		138		7.000	%
Debentures due 8/15/2026		2		6.800	%		2		6.800	%
Senior notes due 1/15/2027		346		7.875	%		346		7.875	%
Senior notes due 8/15/2031		945		9.000	%		945		9.000	%
Debentures due 10/1/2034		1		7.680	%		1		7.680	%
Debentures due 7/1/2035		125		7.450	%		125		7.450	%
Debentures due 10/1/2046		193		7.050	%		193		7.050	%
Total unsecured debt issued by Frontier		10,949					11,297
Secured debt issued by subsidiaries
Debentures due 11/15/2031		100		8.500	%		100		8.500	%
RUS loan contracts due 1/3/2028		6		6.154	%		7		6.154	%
Total secured debt issued by subsidiaries		106					107
Unsecured debt issued by subsidiaries
Debentures due 5/15/2027		200		6.750	%		200		6.750	%
Debentures due 2/1/2028		300		6.860	%		300		6.860	%
Debentures due 2/15/2028		200		6.730	%		200		6.730	%
Debentures due 10/15/2029		50		8.400	%		50		8.400	%
Total unsecured debt issued by subsidiaries		750					750
Total debt	$	17,516		8.486	%(5)	$	17,400		8.411	%(5)

⁽¹⁾ Represents borrowings under the JPM Credit Agreement Term Loan A, as defined below.

⁽²⁾ Represents borrowings under the 2016 CoBank Credit Agreement, as defined below.

⁽³⁾ Represents borrowings under the JPM Credit Agreement Revolver, as defined below.

⁽⁴⁾ Represents borrowings under the JPM Credit Agreement Term Loan B, as defined below.

⁽⁵⁾ Interest rate represents a weighted average of the stated interest rates of multiple issuances.

Debt Maturities By Year

($ in millions)	Principal Payments
2020	$	245
2021	$	327
2022	$	2,706
2023	$	868
2024	$	2,380
Thereafter	$	10,241