Consolidated Communications to pay down loan with proceeds of notes

By Taylor Fox

New York, Sept. 14 – Consolidated Communications Holdings, Inc. plans to redeem all outstanding 6½% senior notes due 2022, repay a portion of outstanding borrowings under its existing credit facility and pay related fees and expenses, according to a news release.

The redemption and repayment will be funded using proceeds from a $1 billion senior notes offering.

Consolidated Communications is a Mattoon, Ill.-based broadband and business communications provider.

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