Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Long-Term Debt [Abstract]

Long-Term Debt

			For the three months ended ‎March 31, 2020
			Principal						Interest Rate at
	January 1,		Payments				March 31,		March 31,
($ in millions)	2020		and Retirements		New Borrowings		2020		2020*
Secured debt issued by Frontier	$	5,711	$	(5)	$	-	$	5,706	7.17%
Unsecured debt issued by Frontier		10,949		-		-		10,949	9.62%
Secured debt issued by subsidiaries		106		-		-		106	8.37%
Unsecured debt issued by subsidiaries		750		-		-		750	6.90%
Total debt	$	17,516	$	(5)	$	-	$	17,511	8.69%
Less: Debt Issuance Costs		(168)						(160)
Less: Debt Discount		(46)						(45)
Less: Current Portion		(994)						(17,306)
Total Long-term debt	$	16,308					$	-

* Interest rate includes amortization of debt issuance costs and debt discounts. The interest rates at March 31, 2020 represent a weighted average of multiple issuances.

Senior Unsecured Debt

	March 31, 2020			December 31, 2019
	Principal		Interest	Principal		Interest
($ in millions)	Outstanding		Rate	Outstanding		Rate
Secured debt issued by Frontier
Revolver due 2/27/2024 (1)	$	749	4.680% (Variable)	$	749	4.760% (Variable)
Term loan due 6/15/2024 (2)		1,694	5.350% (Variable)		1,699	5.550% (Variable)
First lien notes due 4/1/2027		1,650	8.000%		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%
Total secured debt issued by Frontier		5,706			5,711
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			10,949
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%		6	6.154%
Total secured debt issued by subsidiaries		106			106
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	$	17,511	8.464% (3)	$	17,516	8.486% (3)

⁽¹⁾ Represents borrowings under the JPM Credit Agreement Revolver, as defined below.

⁽²⁾ Represents borrowings under the JPM Credit Agreement Term Loan B, as defined below.

⁽³⁾ Interest rate represents a weighted average of the stated interest rates of multiple issuances.