CNSL - Dividend announcements

Divestiture cash proceeds to support Company's fiber expansion plan Consolidated Communications Enterprise Services, Inc. ("Company") is pleased to announce it has completed the sale of its Kansas City assets, effective Nov. 30, 2022, to Everfast Fiber Networks LLC for approximately $82 million in gross cash proceeds, subject to the finalization of certain working capital and other post-closing purchase price adjustments. The divestiture is an outcome from the Company's strategic asset review and focus on its fiber expansion plans in its core regions. Everfast Fiber Networks LLC, which is owned by funds managed by Astatine Investment Partners LLC, is committed to the delivery of high-qual

Company positioned with significant liquidity and substantial financial flexibility to continue executing on fiber expansion plan Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) (the "Company") announced the next step in positioning the Company to continue to execute on its Fiber-to-the-Premise ("FttP") expansion plan to upgrade 1.6 million locations by the end of 2025. Consolidated has extended the maturity of its $250 million revolving credit facility (the "Revolver") by two years from 2025 to 2027, subject to springing maturity, and enhanced its financial flexibility under the Revolver. Consolidated is in the process of upgrading its residential and small business networks to

Aggregate gross proceeds of $490 million to support the Company's fiber network expansion Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) announced today that its subsidiary, Clio Subsidiary, LLC, has completed the sale of its limited partnership interests in five wireless partnerships to Cellco Partnership d/b/a Verizon Wireless, the general partner of the partnerships. A portion of the interest in one of the partnerships was sold to a limited partner of such partnership, pursuant to its right of first refusal. The $490 million in aggregate gross proceeds from the sale of the five wireless partnership interests will be invested in the business and used to support the Company's Fi

Divestiture is consistent with Company's market portfolio review and enhanced focus on fiber expansion plans in its core regions Consolidated Communications Enterprise Services, Inc. ("Company") has entered into an agreement to sell its Kansas City assets to funds managed by Alinda Capital Partners. The asset sale is an all-cash transaction resulting from the Company's strategic asset review and focus on its fiber expansion plans in its core regions. Consolidated's Kansas City operations includes approximately 19,000 consumer subscribers, 13,000 consumer broadband subscribers, 1,900 commercial subscribers and contributed approximately $50 million of revenue in fiscal 2021. The closing of

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) ("Company") announced today it has completed the sale of its Ohio assets to Hanson Communications of Ohio, LLC, an affiliate of Hanson Communications, Inc. The sale aligns with the Company's strategic review of assets and focus on its fiber expansion across core regions. Consolidated's Ohio operations contributed approximately $9 million of revenue in fiscal year 2021 and includes approximately 4,000 access lines and 3,900 Internet connections. The Company will provide more information on this divestiture during its fourth quarter earnings call scheduled for March 3. Lazard Middle Market, LLC served as the financial advisor to Conso

Searchlight's total strategic investment of $425 million is being deployed to accelerate broadband growth through fiber infrastructure and market expansion Customers and communities to benefit from 1.6 million upgraded 1 Gig+ fiber passings Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) (the "Company" or "Consolidated") today announced that it has secured FCC approval and closed on the second stage of the previously disclosed investment transaction with an affiliate of Searchlight Capital Partners, L.P. ("Searchlight") in an amount of $75 million, as part of the aggregate $425 million investment from affiliates of Searchlight in the Company. "We're pleased to have closed on the

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) ("Company") has entered into an agreement to sell its Ohio assets to Middle Point Home Telephone Company (MPH), an affiliate of Hanson Communications, Inc. The asset sale aligns with the Company's strategic asset review and focus on its core broadband regions. Consolidated's Ohio operations contributed approximately $9 million of revenue in fiscal 2020 and includes approximately 4,000 access lines and 3,900 Internet connections. The closing on this agreement is subject to customary regulatory approvals, which are expected to be completed by the end of the year. The Company will provide more information on this divestiture during its

Fully funded fiber expansion plan to bring superior, broadband services to 1.6 million customers, more than 70% of Company's service area, by 2025 Consolidated Communications (NASDAQ:CNSL) (the "Company") announced today that it has received all required state Public Utilities Commission (PUC) regulatory approvals necessary for the conversion of the contingent payment right (the "CPR") issued by the Company to an affiliate of Searchlight Capital Partners, L.P. ("Searchlight") in connection with the previously announced investment by Searchlight in the Company (the "Investment"). By securing all required state PUC regulatory approvals, the CPR has now converted into an additional number of

Achieved fast start on multi-year, Gig+ FTTP expansion plan; completed 45,800 upgrades in first quarter and on track to upgrade 300,000 in 2021 and upgrade 70% of Company's service area by 2025 Completed opportunistic repricing of term loan further strengthening the capital structure by improving incremental cash flow by approximately $30 million per year Second closing of Searchlight Capital Partners' additional $75 million investment is on track to be completed in third quarter First Quarter 2021 Highlights Revenue totaled $324.8 million, generating Adjusted EBITDA of $126.6 million Consumer broadband revenue grew 2.6%, representing the eighth consecutive quarter of year-over-y

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Consolidated” or the “Company”) announced today that its wholly-owned subsidiary, Consolidated Communications, Inc., completed a repricing of its existing term loan, due October 2027. The Company entered into a second amendment to its credit agreement to refinance $999.9 million of its Term Loan B at LIBOR plus 3.50% with a 0.75% LIBOR floor. The repricing of the term loan reduced the combined interest rate margin and LIBOR floor by 1.5%. This repricing of the Company’s term loan was executed in conjunction with the recent issuance of the Company’s $400 million, 5.000%, senior secured not

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Consolidated”) announced today that its wholly-owned subsidiary, Consolidated Communications, Inc. (“CCI”), priced an offering (the “Offering”) of $400 million aggregate principal amount of 5.000% senior secured notes due 2028 (the “Notes”). The Notes bear interest at a rate of 5.000% per annum, payable semi-annually on April 1 and Oct. 1, commencing on Oct. 1, 2021. The Offering will result in total gross proceeds of $400 million. The closing of the Offering is expected to occur, and the Notes are anticipated to be issued, on or about Mar. 18, 2021, subject to customary closing conditions.

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (“Consolidated”) announced today that its wholly-owned subsidiary, Consolidated Communications, Inc. (“CCI”), intends, subject to market and other customary conditions, to offer (the “Offering”) $400 million aggregate principal amount of senior secured notes due 2028 (the “Notes”). The Notes will be guaranteed by Consolidated and certain of its existing and future wholly-owned subsidiaries. CCI intends to use the net proceeds of the Offering to repay a portion of the term loans outstanding under CCI's Credit Agreement, dated as of Oct. 2, 2020, as amended by Amendment No.1, dated as of Jan. 15

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”) reported results for the fourth quarter and full-year 2020. “We finished the year with strong performance which included growing consumer broadband revenue for the seventh consecutive quarter, and robust data-transport revenue growth of 3.2% in the fourth quarter,” said Bob Udell, president and chief executive officer at Consolidated Communications. “Our fiber build plans are well underway.” “We are heading into 2021 with solid momentum,” added Udell. “We have a fully funded growth plan, which is supported by our robust capital structure and the strategic p