Consolidated, Searchlight complete first investment phase

Monday 5 October 2020 | 09:25 CET | News
Consolidated Communications said it has completed the first stage of its investment transaction with Searchlight Capital Partners and the subsequent refinancing of its debt. Under the agreement, Searchlight said earlier that it will invest a total of USD 425 million into the company, in two stages. Stage one, with an initial investment of USD 350 million, is now complete, for 8 percent of Consolidated common shares. SearchLight has also received a contingent payment right (CPR) to get an additional 16.9 percent. Meanwhile, Dave Fuller has been appointed to the Consolidated board, with Andrew

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Categories: Fixed
Companies: Consolidated Communications
Countries: United States
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