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FairPoint Communications delivers modern communications technology with respect, commitment, and a can-do spirit. Headquartered in Charlotte, North Carolina, FairPoint Communications, Inc. is a leading provider of a full range of communications services to residential and business customers including: local and long distance voice, data, Internet, television and broadband. FairPoint Communications is traded on the New York Stock More >> |  | |
| Date | Title | | | 10/26/09 | FairPoint Reaches Agreement with Bank Lenders -Initiates Voluntary Chapter 11 Proceeding|
CHARLOTTE, N.C., Oct. 26 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company"), a leading provider of a full range of communications services, today announced it has reached agreement on a comprehensive financial restructuring plan (the "Restructuring Plan") with lenders (the "Supporting Lenders") holding more than 50 percent of the outstanding debt under its secured credit facility. The Restructuring Plan is expected to reduce the Company's debt by $1... |
|  | | 09/28/09 | FairPoint Discussing Restructuring Plan With Its Bank Lenders - Executes Forbearance Agreement|
CHARLOTTE, N.C., Sept. 28 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company") announced today that it is in discussions with certain of the lenders under its bank credit facility regarding a permanent debt restructuring. The Company also announced that as part of those discussions, it has entered into a forbearance agreement with lenders that collectively hold more than 50 percent of the loans and commitments outstanding under the credit facility.... |
| | | 09/21/09 | FairPoint Communications Notified of Noncompliance With NYSE Continued Listing Requirements|
CHARLOTTE, N.C., Sept. 21 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company") announced today that it has received notification from the New York Stock Exchange ("NYSE") that the Company is not in compliance with the NYSE's continued listing standards because the average closing price of its common stock was below $1.00 per share for 30 consecutive trading days. The Company is now subject to the provisions of sections 801 and 802 of the NYSE Liste... |
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