---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-039214"
form_type: "8-K"
ticker: null
cik: "0001304421"
company_name: "Consolidated Communications Holdings, Inc."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:00:40.719882+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Consolidated Communications enters $80M unsecured term loan facility with Searchlight

## Summary
- $80M delayed draw term loan, unsecured, maturing April 2, 2027.
- Drawable only when revolver availability <$25M or drawing would breach financial covenant.
- Interest rate 12% initially, then may adjust to achieve 1.75x MOIC for lender.
- Proceeds to fund capital expenditures for broadband expansion program.
- Facility provided by Searchlight CVL AGG, L.P. as sole lender.

## SEC filing metadata
- accession: 0001104659-24-039214
- form_type: 8-K
- cik: 0001304421
- company_name: Consolidated Communications Holdings, Inc.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/0001104659-24-039214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/tm249788d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-039214
- JSON: https://secwatch.observer/filing/0001104659-24-039214.json
- Plain text: https://secwatch.observer/filing/0001104659-24-039214.txt

## Key facts
- Debt Financings
  Consolidated Communications Holdings, Inc. incurred term loan of $80.0 million with Searchlight CVL AGG, L.P. at 12.0% per annum maturing April 2, 2027.
  - Instrument: term loan
  - Principal: $80.0 million
  - Counterparty: Searchlight CVL AGG, L.P.
  - Rate: 12.0% per annum
  - Maturity: April 2, 2027
  - Event: incurrence
  source text: On March 21, 2024, Consolidated Communications Holdings, Inc. (the “Company”), its wholly owned subsidiary, Consolidated Communications, Inc. (“CCI”), as borrower, certain other wholly owned subsidiaries of CCI, as guarantors (the “Guarantors”), and Searchlight CVL AGG, L.P., as lender (the “Lender”) entered into that certain Term Loan Agreement (the “Term Loan Agreement”), which consists of delayed draw term loans in the aggregate amount of $80.0 million (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/0001104659-24-039214-index.htm
- Material Agreements
  Consolidated Communications Holdings, Inc. entered into Term Loan Agreement with Searchlight CVL AGG, L.P. valued at aggregate amount of $80.0 million (effective 2024-03-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Searchlight CVL AGG, L.P.
  - Value: aggregate amount of $80.0 million
  - Effective: 2024-03-21
  source text: On March 21, 2024, Consolidated Communications Holdings, Inc. (the “Company”), its wholly owned subsidiary, Consolidated Communications, Inc. (“CCI”), as borrower, certain other wholly owned subsidiaries of CCI, as guarantors (the “Guarantors”), and Searchlight CVL AGG, L.P., as lender (the “Lender”) entered into that certain Term Loan Agreement (the “Term Loan Agreement”), which consists of delayed draw term loans in the aggregate amount of $80.0 million (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/0001104659-24-039214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.