Latest FairPoint Communications Inc. Stories

CHARLOTTE, N.C., March 31 /PRNewswire/ -- FairPoint Communications, Inc. today announced that Chief Financial Officer Alfred C. Giammarino, has tendered his resignation for personal reasons, effective immediately. Lisa R. Hood, senior vice president and controller, has been appointed CFO on an interim basis. Giammarino had been CFO since September 2008. Hood joined FairPoint in 1993 and currently serves as senior vice president and corporate controller. She has responsibility for the...

CHARLOTTE, N.C., March 16 /PRNewswire-FirstCall/ -- FairPoint Communications today named Kathleen McLean, a telecommunications industry veteran with extensive experience in using process excellence and information technology to achieve business objectives, as Chief Information Officer. (Photo: http://www.newscom.com/cgi-bin/prnh/20100316/CL70868 ) With over 27 years of information technology experience and 16 years in telecommunications, McLean is a seasoned professional. She most recently...

CHARLOTTE, N.C., Oct. 26 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company"), a leading provider of a full range of communications services, today announced it has reached agreement on a comprehensive financial restructuring plan (the "Restructuring Plan") with lenders (the "Supporting Lenders") holding more than 50 percent of the outstanding debt under its secured credit facility. The Restructuring Plan is expected to reduce the Company's debt by $1.7...

CHARLOTTE, N.C., Sept. 28 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company") announced today that it is in discussions with certain of the lenders under its bank credit facility regarding a permanent debt restructuring. The Company also announced that as part of those discussions, it has entered into a forbearance agreement with lenders that collectively hold more than 50 percent of the loans and commitments outstanding under the credit facility. The...

CHARLOTTE, N.C., Sept. 21 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) (the "Company") announced today that it has received notification from the New York Stock Exchange ("NYSE") that the Company is not in compliance with the NYSE's continued listing standards because the average closing price of its common stock was below $1.00 per share for 30 consecutive trading days. The Company is now subject to the provisions of sections 801 and 802 of the NYSE Listed Company...

CHARLOTTE, N.C., Aug. 5 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP, FRP.BC) ("FairPoint" or the "Company"), a leading provider of communications services to communities across the country, today announced its financial results for the three and six months ended June 30, 2009. Highlights Successfully completed an exchange offer for nearly 83 percent of outstanding senior notes enabling the Company to reduce cash interest expense for the second quarter of 2009 by...

CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP, FRP.BC) today announced that it will release its 2009 second quarter financial results after the market close on Wednesday, August 5, 2009. The Company will hold its earnings conference call at 8:30 a.m. (EDT), Thursday, August 6, 2009. Participants should call (888) 562-3356 (US/Canada) or (973) 582-2700 (international) at 8:20 a.m. (EDT) and request the FairPoint Communications Second Quarter...

CHARLOTTE, N.C., July 30 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint") announced today it successfully completed its previously announced private exchange offer (the "Exchange Offer") for the outstanding 13-1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Old Notes") held by qualified institutional buyers and accredited investors (collectively, the "Holders"). The Holders tendered approximately $439,568,000 million in aggregate principal amount...

CHARLOTTE, N.C., July 20 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint") announced today that, as of 5:00 p.m., New York City time, on July 17, 2009, approximately $435.1 million in aggregate principal amount of its 13 1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Notes") (or approximately 82% of the outstanding Notes) had been tendered in its previously announced private exchange offer (the "Exchange Offer") for all of the outstanding Notes held...

CHARLOTTE, N.C., July 13 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint") announced today that it has amended the terms of its previously announced private exchange offer (the "Exchange Offer") for all of its outstanding 13 1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the "Notes") held by qualified institutional buyers and accredited investors (each, a "Holder" and collectively, the "Holders") and its corresponding solicitation of consents from...