Shenandoah Telecommunications amends, lowering pricing on term loan A

By Sara Rosenberg

New York, April 29 - Shenandoah Telecommunications Co. amended its credit facility on Friday, repricing the $185 million term loan A at Libor plus 300 basis points from Libor plus 350 bps, according to an 8-K filed with the Securities and Exchange Commission.

The amendment also removed restrictions on the company's ability to use the full $50 million available under its revolver, whereas, before, revolver borrowings were limited to $30 million.

CoBank, Branch Banking and Trust, and Wells Fargo Bank acted as the co-lead arrangers on the deal.

Shenandoah is an Edinburg, Va.-based provider of telecommunications services.

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