Frontier Airlines Receives Commitment for $75 Million in DIP Financing From Affiliate of Perseus...

                   
yahoo.com     Jul 25, 2008            

Friday July 25, 11:31 am ET Perseus Also Agrees To Serve As Equity Sponsor for Frontier's Emergence from Bankruptcy DENVER, July 25 /PRNewswire/ -- Frontier Airlines Holdings, Inc. today announced it has received a $75 million commitment in post-petition debtor-in-possession (DIP) financing from Perseus LLC, a private investment firm based in Washington, D.C. with offices in Evergreen, Colorado, New York and Munich. Perseus has also agreed to serve as equity sponsor for Frontier's plan of reorganization, allowing Perseus to purchase 79.9% of the equity in the reorganized company for $100 million. The DIP facility and plan sponsorship are subject to bankruptcy court approval and to various conditions. "Today's announcement is a major boost to Frontier and builds momentum toward its emergence from bankruptcy as a viable... [read full story]                    

FULL COVERAGE
                   

Frontier Airlines Receives Commitment for $75 Million in DIP Financing From Affiliate of Perseus LLC

prnewswire.com     Jul 25, 2008          

Frontier Airlines Receives Commitment for $75 Million in DIP Financing From Affiliate of Perseus LLC Perseus Also Agrees To Serve As Equity Sponsor for Frontier's Emergence from Bankruptcy DENVER, July 25 /PRNewswire/ --...                    

comments

                   

Frontier Gets $75M Commitment To Keep Flying

cbs4denver.com     Jul 25, 2008          

DENVER (CBS4) ― Frontier Airlines said Friday it received a $75 million commitment in financing from a private investment firm as it attempts to emerge from bankruptcy and keep the airline flying. Perseus LLC is based in...                    

comments

                   

Frontier gets major cash infusion

denverpost.com     Jul 25, 2008          

By Greg Griffin The Denver Post Fronter Airlines Airbus 319 jetliners at Denver International Airport in June 2008. (AP | David Zalubowski) Frontier Airlines has secured $75 million in equity financing to help it reorganize...                    

comments

                   

UPDATE - Frontier says Perseus to sponsor reorganization (at Reuters)

yahoo.com     Jul 25, 2008          

NEW YORK, July 25 (Reuters) - Frontier Airlines Holdings Inc (FRNTQ.PK: ) said on Friday that Washington-based investment firm Perseus LLC has agreed to buy its equity as the carrier emerges from bankruptcy. Denver-based...                    

comments

                   

Perseus Can Control Frontier After Bankruptcy

cbs4denver.com     Jul 25, 2008          

Frontier Gets $75M Commitment To Keep Flying DENVER (AP) ― Frontier Airlines Holdings Inc. said Friday that investment firm Perseus LLC will be able to buy almost 80 percent of the equity in the airline as it emerges from...                    

comments

                   

Perseus can control Frontier after bankruptcy

ibtimes.com     Jul 25, 2008          

DENVER - Frontier Airlines Holdings Inc. said Friday that investment firm Perseus LLC will be able to buy almost 80 percent of the equity in the airline as it emerges from bankruptcy protection. Frontier said Washington-based...                    

comments

                   

Frontier gets $75M in capital

bizjournals.com     Jul 25, 2008          

will get a $75 million infusion of working capital from a Washington, D.C., private investment firm. Perseus LLC has committed the funds to Frontier, which will receive the money in two installments. Denver-based Frontier filed...                    

comments

                   

Frontier gets huge cash infusion

denverpost.com     Jul 25, 2008          

By Greg Griffin The Denver Post Fronter Airlines Airbus 319 jetliners at Denver International Airport in June 2008. (AP | David Zalubowski) Frontier Airlines secured a $75 million loan Friday from a private equity firm with...                    

comments

                   

Perseus can control Frontier Air after bankruptcy

usatoday.com     Jul 25, 2008          

DENVER (AP) — Frontier Airlines Holdings said Friday that investment firm Perseus will be able to buy almost 80% of the equity in the airline as it emerges from bankruptcy protection. Frontier said Washington-based Perseus has...                    

comments

Frontier: Cash infusion is 'vote of confidence'

usatoday.com     Jul 25, 2008          

Frontier Airlines received a "major" cash infusion, The Denver Post reports. The paper says Washington, D.C., equity firm Perseus has "agreed to supply $75 million in two installments, in return for an equity stake in Frontier,...                    

comments

1 2 next