Consolidated Communications Holdings Inc

NASDAQ:CNSL   3:51:41 PM EDT
9.25
+0.20 (+2.21%)
Debt Financing / Related

Consolidated Communications Announces Strategic Investment From Searchlight Capital Partners

Published: 09/14/2020 11:17 GMT
Consolidated Communications Holdings Inc (CNSL) - Consolidated Communications Announces Strategic Investment From Searchlight Capital Partners; Initiates Refinancing.
Consolidated Communications - Announces Refinancing of Its Outstanding Debt; No Significant Debt Maturity Until Late 2027.
Consolidated Communications Holdings Inc - Affiliates of Searchlight Have Committed to Invest Up to an Aggregate of $425 Million in Company.
Consolidated Communications Holdings Inc - Investment Has Been Unanimously Approved by Consolidated Board of Directors.
Consolidated Communications - in Connection With Investment From Searchlight Will Reduce Net Debt by $325 Million.
Consolidated Communications - in Connection With Investment From Searchlight Will Launch Refinancing of All Remaining $2 Billion of Outstanding Debt.
Consolidated Communications - at Closing of First Stage of Investment, Co's Board Will Appoint 1 Searchlight Nominee, David Fuller.
Consolidated Communications - After Closing of Second Stage of Investment, Searchlight Would Be Entitled to Appoint Second Director to Co's Board.