EX-99.1 2 d918017dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

 

From: Link, Brian [BKG-IB] <###>

Sent: Tuesday, February 4, 2025 20:42

To: Diego Simonian <###>; Bruce Mendelsohn <###>

Cc: Grier, John F [BKG-IB] <###>; Patel, Sagar1 [BKG-IB] <###>

Subject: Follow-up

On behalf of Frontier Group Holdings, Inc. (“Frontier”), please find below key terms of Frontier’s revised proposal (“Revised Proposal”). Also attached is a summary capitalization schedule and term sheet for the proposed “take-back” debt as previewed on our call earlier this evening.

Key Terms

 

   

Our Revised Proposal provides for the issuance of $400 million 2nd Lien Term Loan B / Bond (“take-back debt”) and 19.0% of Frontier’s common equity at closing, to be distributed to the Holders of Senior Secured Notes, Convertible Notes, and Existing Interests

 

   

Under the Revised Proposal, the Consenting Creditors will not be required to complete a $350 million equity rights offering prior to the Effective Date

 

   

Revised Proposal assumes a waiver of the $35 million break-up fee for terminating the equity rights offering

 

 

Brian C. Link

Citigroup Global Markets Inc.

Co-Head of M&A, Americas

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