Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]
21 Novembro 2024 - 8:11AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
Frontier Communications
Parent, Inc.
(Name of Issuer)
Common Stock,
$0.01 par value
(Title of Class of Securities)
35909D109
(CUSIP Number)
November 20,
2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
| x |
Rule 13d-1(b) |
| x |
Rule 13d-1(c) |
| ¨ |
Rule 13d-1(d) |
*The remainder of this cover page shall be
filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
CUSIP No. 35909D109
| 1 |
Name of Reporting Person
Glendon Capital Management L.P. |
| 2 |
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ¨
(b) ¨ |
| 3 |
SEC Use Only
|
| 4 |
Citizenship or Place of
Organization
Delaware |
number
of
shares
beneficially
owned by
each
reporting
person with
|
5 |
Sole Voting Power
0 |
| 6 |
Shared Voting Power
24,215,909 |
| 7 |
Sole
Dispositive Power
0 |
| 8 |
Shared Dispositive Power
24,215,909 |
| 9 |
Aggregate Amount Beneficially
Owned by Each Reporting Person
24,215,909 |
| 10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11 |
Percent
of Class Represented by Amount in Row (9)
9.7% (1) |
| 12 |
Type of Reporting Person
(See Instructions)
IA, PN |
(1) Percentage ownership is calculated
on 249,015,000 shares of the common stock, par value $0.01 per share (“Common Stock”), of Frontier
Communications Parent, Inc., a Delaware corporation (the “Issuer”) outstanding as of November 1, 2024
as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2024 as filed with the SEC on November 5, 2024
(the “Form 10-Q”).
CUSIP No. 35909D109
| 1 |
Name of Reporting Person
Holly Kim Olson |
| 2 |
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ¨
(b) ¨ |
| 3 |
SEC Use Only
|
4 |
Citizenship or Place of
Organization
United States |
number
of
shares
beneficially
owned by
each
reporting
person with
|
5 |
Sole Voting Power
0 |
| 6 |
Shared Voting Power
24,215,909 |
| 7 |
Sole
Dispositive Power
0 |
| 8 |
Shared Dispositive Power
24,215,909 |
| 9 |
Aggregate Amount Beneficially
Owned by Each Reporting Person
24,215,909 |
| 10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11 |
Percent of Class Represented
by Amount in Row (9)
9.7% (1) |
| 12 |
Type of Reporting Person
(See Instructions)
IN, HC |
(1) Percentage ownership is
calculated on 249,015,000 shares of the Issuer’s Common Stock outstanding as of November 1, 2024 as disclosed in the
Issuer’s Form 10-Q.
CUSIP No. 35909D109
| 1 |
Name of Reporting Person
G2 Communication L.P. |
| 2 |
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ¨
(b) ¨ |
| 3 |
SEC Use Only
|
4 |
Citizenship or Place of
Organization
Delaware |
number
of
shares
beneficially
owned by
each
reporting
person with
|
5 |
Sole Voting Power
0 |
| 6 |
Shared Voting Power
18,929,968 |
| 7 |
Sole
Dispositive Power
0 |
| 8 |
Shared Dispositive Power
18,929,968 |
| 9 |
Aggregate Amount Beneficially
Owned by Each Reporting Person
18,929,968 |
| 10 |
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
|
| 11 |
Percent of Class Represented
by Amount in Row (9)
7.6% (1) |
| 12 |
Type of Reporting Person
(See Instructions)
PN |
(1) Percentage ownership is calculated on 249,015,000 shares
of the Issuer’s Common Stock outstanding as of November 1, 2024 as disclosed in the Issuer’s Form 10-Q.
Item 1. |
| |
(a) |
Name of Issuer
Frontier Communications Parent, Inc. |
| |
(b) |
Address of Issuer’s
Principal Executive Offices
1919 McKinney Avenue, Dallas, TX 75201 |
| |
| Item 2. |
| |
(a) |
Name of Person Filing
(1) Glendon Capital Management L.P.
(2) Holly Kim Olson
(3) G2 Communication L.P. |
| |
(b) |
Address of Principal Business
Office or, if none, Residence
(1) Glendon Capital Management L.P.: 2425 Olympic Blvd., Suite 500E,
Santa Monica, CA 90404
(2) Holly Kim Olson: 2425 Olympic Blvd., Suite
500E, Santa Monica, CA 90404
(3) G2 Communication
L.P.: 2425 Olympic Blvd., Suite 500E, Santa Monica, CA 90404 |
| |
(c) |
Citizenship
(1) Glendon Capital Management L.P.: Delaware limited partnership
(2) Holly Kim Olson: United States Citizen
(3) G2 Communication L.P.: Delaware limited
partnership |
| |
(d) |
Title of Class of
Securities
Common Stock, par value $0.01 per share |
| |
(e) |
CUSIP Number
35909D109 |
| |
| Item 3. |
If this statement
is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| |
(a) |
¨ |
Broker or dealer registered
under section 15 of the Act (15 U.S.C. 78o); |
| |
(b) |
¨ |
Bank as defined in section 3(a)(6) of
the Act (15 U.S.C. 78c); |
| |
(c) |
¨ |
Insurance company as defined in
section 3(a)(19) of the Act (15 U.S.C. 78c); |
| |
(d) |
¨ |
Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| |
(e) |
x |
An investment
adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| |
(f) |
¨ |
An employee
benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| |
(g) |
x |
A parent
holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| |
(h) |
¨ |
A savings
association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| |
(i) |
¨ |
A church
plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3); |
| |
(j) |
¨ |
A non-U.S. institution in accordance
with § 240.13d–1(b)(1)(ii)(J); |
| |
(k) |
¨ |
Group, in accordance with § 240.13d–1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify
the type of institution:____________________________ |
| Item 4. |
Ownership. |
|
| |
(a) |
Amount beneficially owned:
(1) Glendon Capital Management L.P.: 24,215,909
(2) Holly Kim Olson: 24,215,909
(3) G2 Communication L.P.: 18,929,968 |
| |
(b) |
Percent of class:
(1) Glendon Capital Management L.P.: 9.7% *
(2) Holly Kim Olson: 9.7% *
(3) G2 Communication L.P.: 7.6% * |
| |
|
|
| |
|
* Percentage ownership is calculated on 249,015,000 shares of the Issuer’s Common Stock
outstanding as of November 1, 2024 as disclosed in the Issuer’s Form 10-Q. |
| |
|
|
| |
(c) |
Number of shares as
to which the person has: |
| |
|
(i) |
Sole power to vote or to
direct the vote
(1) Glendon Capital Management L.P.: 0
(2) Holly Kim Olson: 0
(3) G2 Communication L.P.: 0 |
| |
|
(ii) |
Shared power to vote or to direct the
vote
(1) Glendon Capital Management L.P.: 24,215,909
(2) Holly Kim Olson: 24,215,909
(3) G2 Communication L.P.: 18,929,968 |
| |
|
(iii) |
Sole power to dispose or to direct the
disposition of
(1) Glendon Capital Management L.P.: 0
(2) Holly Kim Olson: 0
(3) G2 Communication L.P.: 0 |
| |
|
(iv) |
Shared power to dispose or to direct
the disposition of
(1) Glendon Capital Management L.P.: 24,215,909
(2) Holly Kim Olson: 24,215,909
(3) G2 Communication L.P.: 18,929,968 |
| |
| Item 5. |
Ownership of Five
Percent or Less of a Class |
| If this statement
is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following ¨. |
| |
N/A |
| Item 6. |
Ownership of More
than Five Percent on Behalf of Another Person |
| |
N/A |
| Item 7. |
Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
or Control Person
N/A |
| Item 8. |
Identification
and Classification of Members of the Group |
| |
N/A |
| Item 9. |
Notice of Dissolution
of Group |
| |
N/A |
| Item 10. |
Certifications. |
| |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose
or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and correct.
Dated: November 20, 2024
| |
Glendon
Capital Management L.P. |
| |
|
|
| |
By: |
/s/
Haig Maghakian |
| |
|
Name: |
Haig Maghakian |
| |
|
Title: |
Chief Compliance Officer
/ General Counsel |
| |
|
|
| |
Holly Kim Olson |
| |
|
|
| |
By: |
/s/
Holly Kim Olson |
| |
|
Name: |
Holly Kim Olson |
| |
|
Title: |
Individual |
| |
|
|
| |
G2 Communication
L.P. |
| |
|
|
| |
|
By: |
Glendon Capital Associates II LLC * |
| |
|
Its: |
General Partner |
| |
|
|
| |
By: |
/s/
Haig Maghakian |
| |
|
Name: |
Haig Maghakian |
| |
|
Title: |
Authorized Person |
* Glendon Capital Associates II LLC (“GCA II”) is the
general partner of G2 Communication L.P. (“G2 Comm”). Pursuant to an investment management agreement, GCA II has delegated
its investment management authority in respect of G2 Comm to Glendon Capital Management L.P.
ATTENTION
| |
|
|
| Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |
EXHIBIT 1
Joint Filing Agreement Pursuant to Rule 13d-1
This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 (the “Act”) by and among the
parties listed above, each referred to herein as a “Joint Filer.” The Joint Filers agree that a statement of beneficial ownership
as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule
13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each
satisfy the requirements for making a joint filing under Rule 13d-1(k)(1).
Dated: November 20, 2024
| |
Glendon
Capital Management L.P. |
| |
|
|
| |
By: |
/s/
Haig Maghakian |
| |
|
Name: |
Haig Maghakian |
| |
|
Title: |
Chief Compliance Officer
/ General Counsel |
| |
|
|
| |
Holly Kim Olson |
| |
|
|
| |
By: |
/s/
Holly Kim Olson |
| |
|
Name: |
Holly Kim Olson |
| |
|
Title: |
Individual |
| |
|
|
| |
G2 Communication
L.P. |
| |
|
|
| |
|
By: |
Glendon Capital Associates II LLC |
| |
|
Its: |
General Partner |
| |
|
|
| |
By: |
/s/
Haig Maghakian |
| |
|
Name: |
Haig Maghakian |
| |
|
Title: |
Authorized Person |
Frontier Communications ... (NASDAQ:FYBR)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Frontier Communications ... (NASDAQ:FYBR)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024
