secwatch.observer — SEC 8-K summary
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Issuer:     Consolidated Communications Holdings, Inc. (—)
CIK:        0001304421
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001104659-24-039214
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/0001104659-24-039214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304421/000110465924039214/tm249788d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-039214

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