SCHEDULE: Frontier Communications Parent Acquired: Verizon Merger Closes

Glendon Capital Management and affiliates close out their Schedule 13G reporting for Frontier Communications Parent, Inc. following its acquisition by Verizon Communications Inc.

Summary

• Glendon Capital Management L.P., Holly Kim Olson, and G2 Communication L.P. have filed an amendment to close out their Schedule 13G reporting for Frontier Communications Parent, Inc.
• This action follows the consummation of Frontier Communications Parent, Inc.'s merger with Verizon Communications Inc.
• The merger closed on January 20, 2026.
• At the effective time of the merger, Frontier's common stock was canceled and converted into the right to receive $38.50 in cash per share, without interest.
• As of December 31, 2025, Glendon Capital Management L.P. and Holly Kim Olson beneficially owned 20,916,439 shares, representing 8.4% of the company's outstanding common stock.
• As of December 31, 2025, G2 Communication L.P. beneficially owned 16,389,493 shares, representing 6.5% of the company's outstanding common stock.
• All reporting persons now beneficially own 0 shares of Frontier Communications Parent, Inc. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive procedural update, confirming the successful completion of the merger and the cash payout to shareholders, which provides certainty and liquidity.

Positives

• Shareholders of Frontier Communications Parent, Inc. received a cash consideration of $38.50 per share as a result of the merger.
• The merger provides a clear exit strategy and liquidity for previous shareholders.

Negatives

• Existing shareholders of Frontier Communications Parent, Inc. no longer hold an equity stake in the company.

Risks

• No new risks are identified in this filing, as it primarily reports the closure of an investment position due to a completed merger.

Future Outlook

The filing does not provide forward-looking statements for Frontier Communications Parent, Inc. as the company's common stock has been canceled following its acquisition by Verizon Communications Inc.

Industry Context

StockSavvy.ai notes that the telecommunications industry has seen significant consolidation in recent years, driven by the need for scale, infrastructure investment, and competitive pressures. The acquisition of Frontier Communications Parent, Inc. by Verizon Communications Inc. is consistent with this trend, allowing Verizon to potentially expand its network reach or customer base, while providing an exit for Frontier's shareholders.

Stakeholder Impact

• Shareholders of Frontier Communications Parent, Inc. received $38.50 in cash per share, providing liquidity and a definitive return on their investment.
• The company's common stock was canceled, meaning former shareholders no longer have an equity stake or voting rights.

Next Steps

• The reporting persons have closed out their Schedule 13G reporting for Frontier Communications Parent, Inc.

Key Dates

Keywords

Frontier Communications Parent, Verizon Communications, Merger, Acquisition, Schedule 13G, SEC Filing, Telecommunications, Stock Cancellation, Cash Consideration, Glendon Capital Management