Frontier Creditors Prod Telecom to Overhaul Its DebtAdvisers for three groups of creditors have held informal discussions with Frontier ahead of $2.7 billion of debt maturities in 2022, which trade at distressed levels, according to people with knowledge of the matter. A group including Elliott Management Corp., Apollo Global Management LLC, Franklin Resources Inc. and Capital Group Cos. had proposed swapping their unsecured debt into new secured notes in an out-of-court transaction, with some members also favoring a Chapter 11 bankruptcy filing, the people said.