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Firm News

Cahill Represents Lead Arrangers and Initial Purchasers in Credit Facilities and Notes Offering for Consolidated Communications, Inc.

Date: 10/02/20

Cahill represented the lead arrangers in connection with a $1,250,000,000 term B credit facility and a $250,000,000 revolving credit facility for Consolidated Communications, Inc. (the “Company”). Cahill also represented the initial purchasers in connection with a Rule 144A offering of $750,000,000 aggregate principal amount of 6.500% senior secured notes due 2028 by the Company. Proceeds from the credit facilities and concurrent debt offering were used to refinance existing indebtedness and for other general corporate purposes. Consolidated Communications (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area.