Frontier Communications出售$ 2.8B的垃圾债券,作为破产退出的一部分

被卖出电信公司的债券的投资者陷入损失

在两个月内的第二次销售中,Frontier Communications Corp.希望出售$ 2.8B的垃圾债券,以帮助支付其退出破产的费用。

根据交谈的消息来源彭博,,,,this includes new $1.8B first-lien bonds at an about 5.25% yield and another $1B of second-lien notes at a 7 – 7.25% yield. The new bonds, along with an increase to an existing term loan, are meant to allow Frontier to pay back debt it owes that will mature in 2024 and 2026.

该电信公司在29个州提供电视,互联网和电话服务,于4月在其17b美元的债务后于4月份进行破产保护。纳斯达克不久之后就对此进行了评价。8月,破产法院批准了Frontier Communication的计划,该计划将超过$ 10B的债务作为其重组计划的一部分。该公司在10月出售了$ 1.6B的债务。

同时,Frontier Communications投资者与如何恢复损失他们之所以受苦,是因为他们根据经纪人的建议投资了该公司的垃圾债券。例如,FMSBONDS(以前称为第一迈阿密证券(First Miami Securities))发行了数bob200体育百万个边境通信债券,并将其出售给客户。

All over the US, our investment fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are here to help you recoup the losses you suffered from purchasing Frontier Communication bonds at the encouragement of your financial advisor.Contact us今天。

Brokers May Not Have Fully Disclosed the Risks Involving Frontier Communications

Frontier Communications Bonds最初称为Citizens Communications Company,然后是后来的公民公用事业公司,主要出售给包括富兰克林资源,Elliott Management Group和Gold Tree Asset Management在内的机构投资者。但是,Frontier Communications Bonds也出售给包括退休人员在内的零售投资者。

大多数边境通信债券持有人可能持有无抵押债务。

现在,投资者说,他们从未完全了解到Frontier Communications导致破产的财务和商业问题,也没有完全向他们披露的风险。这被称为制造虚假陈述和遗漏,这可能是经纪人欺诈声称要恢复损失的理由。

There are also concerns that some brokerage firms, seeking to offload unwanted inventory, may have given their registered representatives enhanced incentives to sell these bonds to customers even if these investments were not aligned with the latter’s financial goals or risk tolerance levels.

Making unsuitable investment recommendations and sales can also be grounds for a Financial Industry Regulatory Authority (FINRA) arbitration claim, not just against the broker but also the broker-dealer who may have failed to properly supervise their registered representative.

不仅如此,如果公司鼓励经纪人出售金融产品,因为这符合其最大利益,而不是符合客户的最大利益,那么它也可能对经纪交易商的过失或欺诈行为负责。

边境通信投资欺诈律师

联系SSEK律师事务所today if you were sold Frontier Communications bonds by your stockbroker or financial advisor. We would like to offer you a free, no-obligation case consultation and help you explore your legal options.

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