On November 25, 2020, Frontier Communications Corporation (“ Frontier” or the “ Company”) issued $1.55 billion aggregate principal amount of 5.000% First Lien Secured Notes due 2028 (the “ First Lien Notes”) and $1.00 billion aggregate principal amount of 6.750% Second Lien Secured Notes due 2029 (the “ Second Lien Notes” and, together with the First Lien Notes, the “ Notes”). The First Lien Notes were issued pursuant to an indenture, dated as of November 25, 2020 (the “ First Lien Indenture”), by and among Frontier, the guarantors party thereto, the grantor party thereto, JPMorgan Chase Bank N.A., as collateral agent and Wilmington Trust, National Association, a national banking association, as trustee. The Second Lien Notes were issued pursuant to an indenture, dated as of November 25, 2020 (the “ Second Lien Indenture” and, together with the First Lien Indenture, the “ Indentures” and each an “ Indenture”), by and among Frontier, the guarantors party thereto, the grantor party thereto and Wilmington Trust, National Association, as trustee and as collateral agent. The First Lien Notes will bear interest at a rate of 5.000% per annum and will mature on May 1, 2028. Interest on the First Lien Notes will be payable to holders of record semi-annually in arrears on May 1 and November 1 of each year, commencing May 1, 2021. The Second Lien Notes will bear interest at a rate of 6.750% per annum and will mature on May 1, 2029. Interest on the Second Lien Notes will be payable to holders of record semi-annually in arrears on May 1 and November 1 of each year, commencing May 1, 2021. On November 25, 2020, the Company entered into an incremental amendment (the “ Incremental Term Loan Amendment”) by and among Frontier, as the borrower, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and each lender party thereto, which amends the credit agreement, dated as of October 8, 2020 (the “ DIP to Exit Term Credit Agreement”). The Incremental Term Loan Amendment provides for an incremental senior secured super-priority debtor-in-possession term loan facility in an aggregate principal amount of $750 million (the “ Incremental Term Loan Facility” and, together with the existing senior secured super-priority debtor-in-possession term loan facility with an aggregate principal amount of $500 million, the “ DIP Term Loan Facility”). The Incremental Term Loan Facility is secured by the same assets that secure the term loans under the DIP to Exit Term Credit Agreement.