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Consolidated Communications secures incremental USD 150 mln term loan

Tuesday 19 January 2021 | 09:51 CET | News
US regional operator Consolidated Communications said it has secured and closed on an incremental USD 150 million term loan, to work with the company's existing first lien term loan B with maturities due October 2027. CFO Steve Childers said the company is now operating from a position of financial strength, with increased liquidity and a fully funded growth plan to accelerate our fibre builds. The new loans facility will bear interest of 4.75 percent per year over Libor.

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Categories: Fixed
Companies: Consolidated Communications
Countries: United States
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