Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2021



			For the three months ended ‎March 31, 2021
			Principal						Interest Rate at
	January 1,		Payments		New		March 31,		March 31,
($ in millions)	2021		and Retirements		Borrowings		2021		2021*

Secured debt issued by Frontier	$	4,964	$	-	$	-	$	4,964	5.75%
Unsecured debt issued by Frontier		10,949		-		-		10,949	9.19%
Secured debt issued by subsidiaries		106		-		-		106	8.37%
Unsecured debt issued by subsidiaries		750		-		-		750	6.90%
Debt prior to reclassification to
liabilities subject to compromise	$	16,769	$	-	$	-	$	16,769	8.07%

Less: Debt Issuance Costs		-						-
Less: Debt Discount		(39)						(38)
Debt, less unamortized debt
issuance costs and discounts		16,730						16,731
Less: Current Portion		(5,781)						(5,782)
Less: Debt subject to compromise		(10,949)						(10,949)
Total Long-term debt	$	-					$	-

* Interest rate includes amortization of debt issuance costs and debt discounts. The interest rates at March 31, 2021 represent a weighted average of multiple issuances.

Schedule Of Unsecured Debt



	March 31, 2021			December 31, 2020

	Principal		Interest	Principal		Interest
($ in millions)	Outstanding		Rate	Outstanding		Rate

Secured debt issued by Frontier
DIP-to-Exit term loan due 10/8/2027	$	1,250	5.750% (Variable)	$	1,250	5.750% (Variable)
DIP-to-Exit First lien notes due 10/15/2027		1,150	5.875%		1,150	5.875%
DIP-to-Exit First lien notes due 5/1/2028		1,550	5.000%		1,550	5.000%
DIP-to-Exit Second lien notes due 5/1/2029		1,000	6.750%		1,000	6.750%
IDRB due 5/1/2030		14	6.200%		14	6.200%
Secured debt issued by Frontier		4,964			4,964

Unsecured debt issued by Frontier
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%
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%
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%
Unsecured debt issued by subsidiaries		750			750

Debt prior to reclassification to
liabilities subject to compromise		16,769	8.188% ⁽¹⁾		16,769	8.188% ⁽¹⁾
Less: debt subject to compromise		(10,949)			(10,949)
Total debt	$	5,820	5.944% ⁽¹⁾	$	5,820	5.944% ⁽¹⁾

⁽¹⁾ Interest rate represents a weighted average of the stated interest rates of multiple issuances.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details