| Date | Title | | | 10/26/09 | FairPoint Reaches Agreement with Bank Lenders -Initiates Voluntary Chapter 11 Proceeding| Chapter 11 Filing Will Not Impact the Company's Operations or Customers and Will Reduce Debt by $1.7 billion
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 u... |
|  | | 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... |
| | | 08/05/09 | FairPoint Communications Reports Second Quarter 2009 Results| CHARLOTTE, N.C., Aug. 5 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP, FRP.BC) ("FairPoint" or the "Company"), a
leading provider of communications services to communities across the country,
today announced its financial results for the three and six months ended June
30, 2009.
Highlights
-- Successfully completed an exchange offer for nearly 83 percent of
outstanding senior notes enabling the Company to reduce cash interest
expen... |
| | | 07/31/09 | FairPoint Communications to Release 2009 Second Quarter Financial Results| Conference Call and Web Broadcast Details Released
CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP, FRP.BC) today announced that it will release
its 2009 second quarter financial results after the market close on Wednesday,
August 5, 2009. The Company will hold its earnings conference call at 8:30
a.m. (EDT), Thursday, August 6, 2009.
Participants should call (888) 562-3356 (US/Canada) or (973) 582-2700
(internationa... |
| | | 07/30/09 | FairPoint Communications Notified of Noncompliance with NYSE Continued Listing Standards| CHARLOTTE, N.C., July 30 /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 currently in compliance with the NYSE's continued listing
standards.
In the notification, received on July 24, 2009, the NYSE advised the
Company that its average market capitalization, over a 30-day trading period,
was less than the $75 million level require... |
| | | 07/30/09 | FairPoint Communications Announces Consummation of the Private Debt Exchange Offer for Its 13-1/8% Senior Notes Due 2018| CHARLOTTE, N.C., July 30 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) ("FairPoint") announced today it successfully
completed its previously announced private exchange offer (the "Exchange
Offer") for the outstanding 13-1/8% Senior Notes due 2018 (CUSIP No. 305560
AH7) (the "Old Notes") held by qualified institutional buyers and accredited
investors (collectively, the "Holders"). The Holders tendered approximately
$439,568,000 million in aggregate principal amo... |
| | | 07/20/09 | FairPoint Communications Announces Execution of Supplemental Indenture in Connection With The Private Debt Exchange Offer For Its 13 1/8% Senior Notes Due 2018| --FairPoint is Pleased That Approximately 82% of the Outstanding Notes Had Been Tendered as of July 17th CHARLOTTE, N.C., July 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint") announced today that, as of 5:00 p.m., New York City time, on July 17, 2009, approximately $435.1 million in aggregate principal amount of its 13 1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Notes") (or approximately 82% of the outstanding Notes) had been... |
| | | 07/13/09 | FairPoint Communications Announces Amendments to the Private Debt Exchange Offer for Its 13 1/8% Senior Notes Due 2018| --Amended Exchange Offer is Expected to be Supported by Holders of Approximately 80% of the Aggregate Principal Amount of the Outstanding NotesCHARLOTTE, N.C., July 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint") announced today that it has amended the terms of its previously announced private exchange offer (the "Exchange Offer") for all of its outstanding 13 1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Notes") held by qualified ... |
| | | 07/08/09 | FairPoint Extends the Early Consent Deadline and Withdrawal Deadline for the Private Debt Exchange Offer for Its 13-1/8% Senior Notes Due 2018| CHARLOTTE, N.C., July 8 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) ("FairPoint") announced today that as of 5:00
p.m., New York City time, on July 8, 2009, it has extended the early consent
deadline and the withdrawal deadline for its previously announced private
exchange offer (the "Exchange Offer") for all of its outstanding 13-1/8%
Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Notes") that are held by
qualified institutional buyers and accredited inves... |
| | | 07/01/09 | FairPoint Communications Announces Award of Stock Options and Restricted Stock to Newly Appointed Chairman and CEO| CHARLOTTE, N.C., July 1 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) ("FairPoint" or the "Company") announced
today that David L. Hauser, the Company's newly appointed chairman and chief
executive officer, has been awarded options to purchase 1,600,000 shares of
the Company's common stock and 523,810 restricted shares of the Company's
common stock, pursuant to an employment agreement between Hauser and the
Company (the "Employment Agreement"). The stock options... |
| | | 06/24/09 | FairPoint Announces Private Debt Exchange Offer for its 13 1/8% Senior Notes Due 2018| CHARLOTTE, N.C., June 24 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) ("FairPoint" or the "Company") announced
today the commencement of a private exchange offer (the "Exchange Offer") for
all of FairPoint's outstanding 13 1/8% Senior Notes due 2018 (CUSIP No. 305560
AH7) (the "Notes") held by qualified institutional buyers and accredited
investors. The Exchange Offer is primarily designed to reduce FairPoint's
cash interest expense for the second and third qua... |
| | | 06/16/09 | FairPoint Communications Appoints David L. Hauser Chairman and CEO| Public Utility Company Veteran to Guide FairPoint through Next Phase of
Growth
CHARLOTTE, N.C., June 16 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) announced today its Board of Directors has
appointed David L. Hauser to the position of Chairman and Chief Executive
Officer. Hauser most recently served as group executive and chief financial
officer at Duke Energy Corporation (NYSE: DUK). Hauser has been a member of
FairPoint's Board of Directors since Februa... |
| | | 05/05/09 | FairPoint Communications Reports First Quarter 2009 Results| CHARLOTTE, N.C., May 5 /PRNewswire-FirstCall/ -- FairPoint Communications,
Inc. (NYSE: FRP) ("FairPoint" or the "Company"), a leading provider of
communications services to communities across the country, today announced its
financial results for the three months ended March 31, 2009. FairPoint
completed its acquisition of Verizon Communication's wireline and related
operations in Maine, New Hampshire and Vermont (the "Northern New England
business") on March 31, 2008. As a result of ... |
| | | 04/30/09 | FairPoint Communications to Release 2009 First Quarter Earnings Results| Conference Call and Web Broadcast Details Released
CHARLOTTE, N.C., April 30 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) today announced that it will release its 2009
first quarter financial results after the market close on Tuesday, May 5,
2009. The Company will hold its earnings conference call at 8:30 a.m. (EDT),
Wednesday, May 6, 2009.
Participants should call (888) 562-3356 (US/Canada) or (973) 582-2700
(international) at 8:20 a.m. (EDT) and reque... |
| | | 04/21/09 | FairPoint Communications Announces Possible Compromise of Data Security Impacting Employee Information| CHARLOTTE, N.C. April 21 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) today announced that a portable data storage
device containing employee information was reported missing from a FairPoint
office location. At this time, there is no indication that the data has been
improperly accessed.
Following discovery of the incident on April 8, FairPoint launched a
thorough internal investigation and retained an outside investigator to
conduct an ongoing investigat... |
| | | 03/05/09 | FairPoint Communications Reports Fourth Quarter 2008 Results| New Systems Operational as of February 9th
Board Suspends Quarterly Dividend
CHARLOTTE, N.C., March 5 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) ("FairPoint" or the "Company"), a leading
provider of communications services to communities across the country, today
announced its financial results for the three and twelve months ended December
31, 2008. FairPoint completed its acquisition of Verizon Communication's
wireline and related operations in ... |
| | | 02/27/09 | FairPoint Communications to Release 2008 Fourth Quarter and Full Year Earnings Results| Conference Call and Web Broadcast Details Released
CHARLOTTE, N.C., Feb. 27 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) today announced that it will release its 2008
fourth quarter and full year financial results after the market close on
Thursday, March 5, 2009. The Company will hold its earnings conference call at
8:30 a.m. (EST), Friday, March 6, 2009.
Participants should call (888) 253-4456 (US/Canada) or (973) 935-8178
(international) at 8:20 a.m.... |
| | | 02/02/09 | FairPoint Communications Outlines Timeline Related to Northern New England Systems Cutover| CHARLOTTE, N.C., Feb. 2 /PRNewswire-FirstCall/ -- FairPoint
Communications, Inc. (NYSE: FRP) today outlined the timeline relating to its
systems cutover in northern New England following last March's acquisition of
Verizon Communications' wireline operations in Maine, New Hampshire and
Vermont. The cutover process has commenced following extensive preparations
with the assistance of Capgemini U.S. LLC, FairPoint's lead integration
partner.
Commencing on Friday, January 30th, Veriz... |
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