Consolidated Communication to repay portion of term loan via new notes

By Taylor Fox

New York, March 3 – Consolidated Communications Holdings, Inc. plans to repay a portion of the term loans outstanding under its credit agreement dated Oct. 2 and amended on Jan. 15, according to a news release.

The repayment will be funded using proceeds from an offering of $400 million senior secured notes due 2028.

Remaining proceeds will be used to pay fees and expenses related to the new notes offering and for general corporate purposes.

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

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