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Searchlight completes last investment phase in Consolidated, adds board members

Wednesday 8 December 2021 | 09:03 CET | News
Consolidated Communications said it has closed the second stage of its investment plan with Searchlight Capital Partners, after receiving FCC approval. Searchlight agreed in September 2020 to put a total of USD 425 million into Consolidated, which would use the money to reduce debt and increase liquidities. The first stage of the transaction, completed in October 2020, saw Searchlight invest USD 350 million into the company, for 8 percent of its shares. Investment amount to USD 75 for the second stage.

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Categories: Fixed
Companies: Consolidated Communications / FCC
Countries: United States
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