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Frontier Airlines Receives Alternative Commitment for Debtor in Possession Financing

                   
prnewswire.com
Aug 4, 2008
        
Story Timeline:  68 days

Frontier Airlines Receives Alternative Commitment for Debtor in Possession Financing Republic Airways, AQR Capital and Credit Suisse Commit up to $75 million DENVER, Aug. 4 /PRNewswire/ -- Frontier Airlines Holdings, Inc. today announced it is moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing. Republic Airways Holdings, Inc., Credit Suisse Securities (through its affiliates), and AQR Capital (the "Lenders"), each a member of the Unsecured Creditors Committee in Frontier's Chapter 11 Bankruptcy cases, are offering Frontier up to $75 million in DIP financing, with an immediate firm commitment and funding of $30 million. This new DIP facility provides Frontier with lower financing costs, less restrictive covenants and greater flexibility to pursue strategic opportunities without... [read full story]                    

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Latest article on this story:

Judge backs Frontier financing deal; New agreement would let airline borrow $30 million

 airportbusiness.com Aug 7, 2008
First article on this story:

Frontier Airlines Receives Alternative Commitment for Debtor in Possession Financing

 emediaworld.com Aug 4, 2008
Selected publications with coverage of this story:
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Found 15 documents:

Judge backs Frontier financing deal; New agreement would let airline borrow $30 million

airportbusiness.com
Aug 7, 2008
        

David Milstead, Rocky Mountain News Bankrupt Frontier Airlines won preliminary approval to borrow $30 million from its creditors in a deal that could ultimately provide as much as $75 million. The agreement negates a previous...

                   

Frontier bailout eases its flyers

aspentimes.com
Aug 7, 2008
        

ASPEN — Nervous about your Christmas tickets with the struggling Frontier Airlines? Shortly after filing for Chapter 11 bankruptcy protection in April, Frontier began providing service from the Aspen airport. Bill Tomcich,...

                   

Frontier gets court OK to proceed on loan deal

denverpost.com
Aug 6, 2008
        

Preliminary approval is granted for the airline to begin borrowing from a creditors group. By Christopher Scinta Bloomberg News Frontier Airlines won preliminary permission from a bankruptcy court to borrow $30 million under an...

Frontier Prefers Second DIP Offer

cfo.com
Aug 5, 2008
        

A trio of unsecured creditors make an offer that the airline couldn't refuse. Frontier Airlines Holdings, trying desperately to emerge from bankruptcy, said it prefers an investment plan received from a second group of...

Creditors offer $75 million aid package to Frontier

atwonline.com
Aug 5, 2008
        

Tuesday August 5, 2008 Frontier Airlines said a group of three unsecured creditors comprising Republic Airways Holdings, Credit Suisse Securities and AQR Capital has offered to invest up to $75 million in an effort to shore up...

                   

Frontier gets new finance accord

denverpost.com
Aug 5, 2008
        

By Kimberly S. Johnson and Greg Griffin The Denver Post Frontier Airlines said Monday that it would take advantage of an alternate financing deal that would offer it fewer restrictions and lower costs. A group of three...

Competing offers

denverpost.com
Aug 5, 2008
        

Perseus LLC made a counteroffer to Frontier Airlines over the weekend in response to a new $75 million loan proposal from a group of creditors, according to Perseus partner Brian Leitch: •$30 million immediately with an...

Frontier Airlines gets new financing offer

dailypress.com
Aug 5, 2008
        

DENVER - Frontier Airlines Holdings Inc., looking to emerge from bankruptcy protection, has been offered an alternative $75 million investment from three unsecured creditors. Indianapolis-based Republic Airways Holdings Inc.,...

Frontier Airlines Gets New Financing Offer

cbs4denver.com
Aug 4, 2008
        

DENVER (AP) ― Denver-based Frontier Airlines Holdings is being offered an alternative $75 million investment from three unsecured creditors. Frontier says Republic Airways Holdings of Indianapolis, Credit Suisse Securities, and...

                   

Frontier Airlines gets new financing offer

denverpost.com
Aug 4, 2008
        

DENVER—Frontier Airlines Holdings Inc., looking to emerge from bankruptcy protection, has been offered an alternative $75 million investment from three unsecured creditors. Indianapolis-based Republic Airways Holdings Inc.,...

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