Frontier Communications Corporation (NASDAQ: FTR) ("Frontier" or the "Company") today announced that it has received approvals on an interim basis from the U.S. Bankruptcy Court for the Southern District of New York for the "First Day" motions related to the Company’s voluntary Chapter 11 petitions filed on April 14, 2020.

Frontier Communications Corporation (NASDAQ: FTR) ("Frontier" or the "Company") today announced that, together with its subsidiaries, it has entered into a Restructuring Support Agreement ("RSA") with bondholders representing more than 75% of Frontier’s approximately $11 billion in outstanding unsecured bonds (the "Bondholders"). The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the "Plan") that leaves unimpaired all general unsecured creditors and holders of secured and subsidiary debt. Under the RSA, the Bondholders have, subject to certain terms and conditions, agreed to support implementation of a Plan that is expected to reduce the Company’s debt by more than $10 billion and provide significant financial flexibility to support continued investment in its long-term growth. To implement the Plan, the Company and its direct and indirect subsidiaries voluntarily filed petitions under Chapter 11 of the United States Bankruptcy Code in the Southern District of New York.

Frontier Communications Corporation (NASDAQ: FTR) today announced that it has elected to defer making the interest payments due on March 16, 2020 on certain of its senior unsecured notes and enter a 60-day grace period as it continues constructive discussions with its bondholders regarding Frontier’s capital structure.

Moody's Investors Service (Moody's) said Frontier Communications Corporation's (Frontier) election to defer making interest payments totaling about $322 million on unsecured notes due 2020, 2021, 2022 and 2025 on March 16 begins the clock on a 60-day grace period. Moody's views this deferral announcement as credit negative. If the company were to fail to make these interest payments after the 60 days have passed, Moody's would view it as a default under Moody's definition.

The downgrade to Ca reflects the fact that the rating of the underlying securities, the 7.05% Debentures due October 01, 2046 issued by Frontier Communications Corporation ("Frontier"), was downgraded to Ca on April 16, 2020 and subsequently withdrawn following Frontier's announcement that the company filed a petition for relief under Chapter 11 of the US Bankruptcy Code. Subsequently, Moody's will withdraw the rating of the PREFERREDPLUS Trust Series CZN-1 certificates because it believes it has insufficient or otherwise inadequate information to support the maintenance of the rating. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

It is never too early to prepare for an emergency. Frontier Communications encourages customers to take readiness steps in advance of the 2020 Atlantic hurricane season, which runs from June 1 through November 30. National Weather Service forecasts are predicting an above-average season likely to produce 13 to 19 named storms (winds of 39 mph or higher), of which 6 to 10 could become hurricanes.

Anyone researching Frontier Communications Corporation (NASDAQ:FTR) might want to consider the historical volatility...

S&P; Dow Jones Indices will make the following index adjustments to the S&P; 500, S&P; MidCap 400 and S&P; SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, December 23 to coincide with the December rebalance.

Bankrupt companies are on the rise — and not just of private companies. Public company bankruptcies are spiking, a reminder to stick with top growth stocks.

Moody's Investors Service (Moody's) has assigned a Caa1 rating to Northwest Fiber, LLC 's (Northwest Fiber) announced $250 million of eight year senior unsecured notes. Net proceeds from a committed bridge facility, in conjunction with additional proceeds from a $790.5 million term loan and an approximate $746 million equity investment from the Sponsors and management, were used to finance the $1.25 billion acquisition of the Frontier assets (including customary purchase price adjustments), and approximately $420 million of cash to the balance sheet to pre-fund future capital investments, acquire WholeSAIL Networks, LLC, a provider of network, telecom and internet service in Washington state for $18 million, and for fees and expenses.

Moody's Investors Service (Moody's) has assigned a first-time B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Northwest Fiber, LLC (Northwest Fiber), doing business as Ziply Fiber. Moody's has also assigned a B1 rating to the company's senior secured credit facilities, which consist of a $100 million five year revolver (undrawn at close) and a $790.5 million seven year term loan.

The Norwalk, Connecticut-based company estimated its assets and liabilities both in the range of $10 billion to $50 billion, according to a filing in the U.S. Bankruptcy Court for the Southern District of New York. Frontier also said it would continue with the sale process of its operations and assets in Washington, Oregon, Idaho, and Montana to Northwest Fiber, and will also continue services and paying its vendors.

The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

Moody's Investors Service (Moody's) downgraded Frontier Communications Corporation's (Frontier) probability of default rating (PDR) to D-PD from Caa3-PD following the announcement that the company filed a petition for relief under Chapter 11 of the US Bankruptcy Code on April 14, 2020. Subsequent to today's actions, Moody's will withdraw the below listed ratings due to Frontier's bankruptcy filing. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

The coronavirus pandemic is creating changes to the global economy that can make you seem like you're living through a movie. Businesses are closed not due to lack of demand, but because supply was cut off. And that is causing more problems for some troubled stocks.Millions of Americans are under shelter in place orders. Not surprisingly, the idea that "the cure is worse than the disease" is creating a strong movement towards having the economy reopen.But when the economy does reopen, one thing seem clear, it won't be business as usual. And given the razor-thin margins some businesses run on, government assistance may not be sufficient for some to survive.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's a thought that is echoed by Dr. John Griffin, Professor of Finance for the McCombs School of Business at the University of Texas at Austin. In an email response to InvestorPlace, Griffin said of the federal bailouts:"I do not think that the federal bailouts will matter much for an impending recession/depression. People won't eat at restaurants, take trips, or do many of things they do until COVID-19 is under control. So the economy will continue to contract." * 30 Consumer Stocks to Buy Once the Coronavirus Pandemic Passes A few troubled stocks that come to mind include: * J.C. Penney (NYSE:JCP) * Frontier Communications (NASDAQ:FTR) * Chaparral Energy (NYSE:CHAP)Many companies were ill prepared for a recession that just three months ago was thought to be 12-18 months away. And that means, despite the injection of direct stimulus by the federal government, some companies won't survive the impact of the coronavirus. J.C. Penney (JCP)Source: Supannee_Hickman / Shutterstock.com J.C. Penney is an iconic name from the golden age of retail shopping. However, unlike other department store chains, J.C. Penney is lagging behind other department stores with regard to its e-commerce presence. According to Bloomberg Senior Retail Analyst Poonam Goyal, the majority of J.C. Penney's business comes from brick-and-mortar sales.But the pandemic has forced the department store chain to close all its stores. And whenever we see a "phased in" reopening, it's not hard to imagine that department stores like Penney's will be seen as serving an essential need.According to Goyal, if the company is able to open late in the second quarter, Bloomberg projects that the company will lose 35% in annual sales in 2020. However, if the pandemic becomes worse and stores stay closed for the remainder of the year, the company stands to lose 71% in sales.The pandemic is disrupting a turnaround plan that already needed a lot to go perfectly. The company skipped a $12 million interest payment in mid-April. That's led to speculation that bankruptcy may be coming sooner rather than later.And bankruptcy is the last thing that JCP stock needs. The stock is down over 70% in 2020 and is well below the $1 mark. If the company cannot reverse its fortunes, it most assuredly will be de-listed. Frontier Communications (FTR)Source: Shutterstock Frontier Communications stock continues to fall, even as the company embarks on a restructuring plan. As part of the restructuring, Frontier filed for a Chapter 11 bankruptcy on April 14. There is no question that Frontier is taking a proper step to lower its existing debt. However, analysts are still skeptical of the company's ability to execute the plan in a post-Coronavirus environment.Frontier's decline began with its 2016 purchase of Verizon's (NYSE:VZ) wire line business in three states. In its bankruptcy petition, Frontier cites the emergence of fiber as a superior alternative to historic copper networks as one reason for its misfortune. However, the petition also claims that its CEO Dan McCarthy failed to extract profits from the fiber optic service (FiOS) networks that it received in the Verizon deal.That's resulted in Frontier's revenue dropping for the last 14 consecutive quarters. In 13 of those quarters, the company also posted negative earnings per share (EPS). This might be understandable if Frontier was a startup company. It's not. And the company is showing an eroding customer base. * 30 Consumer Stocks to Buy Once the Coronavirus Pandemic Passes Prior to announcing its restructuring plan, Frontier announced plans to sell operations and assets in Washington, Oregon, Idaho, and Montana. Chaparral Energy (CHAP)Source: Shutterstock On the one hand, it's almost too easy to put an oil stock on this list. And with its stock down nearly 80% in 2020, Chaparral Energy certainly qualifies. However, the last time the country had an oil shock, Chaparral filed for and successfully exited a Chapter 11 bankruptcy. History may be repeating itself.This is despite the fact that the company's CEO, K. Earl Reynolds, purchased 7,100 shares of CHAP stock in late March. In its most recent earnings report in March, CHAP beat analysts' expectations for both revenue and earnings.But that most certainly did not factor in the current state of the oil market. Despite the earnings beat, Roth Capital downgraded the stock from "Buy" to "Neutral." In late March, the company announced it had hired financial advisors to help it improve its balance sheet.The company has $421 million in outstanding debt. It has 8.75% bonds due in July 2023 that are currently trading at 25 cents on the dollar. The company says no restructuring move is imminent.The bottom line for Chaparral is that it needs to see oil prices recover to stave off what appears to be an inevitable move into another bankruptcy. However despite the United States government direct intervention with Saudi Arabia, the price of oil is still reaching for a bottom.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Stocks to Sell Before Coronavirus Finishes What The Markets Started appeared first on InvestorPlace.

While Knowles (KN) issues preliminary results for first-quarter 2020, Intelsat (I) is seeking the cushion of a bankruptcy loan to sustain operations.

Defaults already are climbing as speculative-grade (junk-rated) companies buckle under their debts, even as the Federal Reserve aims a near $750 billion fire hose on the corporate debt markets during the pandemic.

Investors need to pay close attention to Frontier Communications (FTR) stock based on the movements in the options market lately.

KlaymanToskes ("KT"), www.klaymantoskes.com, announces an investigation on behalf of customers of FMSbonds ("FMS") who were recommended to purchase Frontier Communications (NASDAQ:FTR) ("Frontier") bonds. These bonds may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.

Frontier (FTR) is presently focusing on various cost-control initiatives by introducing productivity and customer-oriented enhancements, thus improving efficiency in its daily operations.