---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003425"
form_type: "8-K"
ticker: "SHEN"
cik: "0000354963"
company_name: "SHENANDOAH TELECOMMUNICATIONS CO/VA/"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:37:13.108554+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Shentel extends draw period on $300M term loans to Dec 31, 2023; shifts first repayment to Mar 2024

## Summary
- Amendment extends $150M Term Loan A-1 and $150M Term Loan A-2 draw period from July 1 to Dec 31, 2023.
- First quarterly principal repayment deferred from Sept 30, 2023 to Mar 31, 2024.
- Benchmark rate updated to Term SOFR plus 10 bps credit spread adjustment; other terms unchanged.
- Borrowers paid $300K amendment fee; all conditions satisfied, effective May 17, 2023.

## SEC filing metadata
- accession: 0001171843-23-003425
- form_type: 8-K
- ticker: SHEN
- cik: 0000354963
- company_name: SHENANDOAH TELECOMMUNICATIONS CO/VA/
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354963/000117184323003425/0001171843-23-003425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354963/000117184323003425/f8k_051823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003425
- JSON: https://secwatch.observer/filing/0001171843-23-003425.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003425.txt

## Key facts
- Material Agreements
  SHENANDOAH TELECOMMUNICATIONS CO/VA/ amended Amendment No. 1 to Credit Agreement with various financial institutions party thereto (the "Lenders") and CoBank, ACB, as administrative agent for the Lenders (effective 2023-05-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: various financial institutions party thereto (the "Lenders") and CoBank, ACB, as administrative agent for the Lenders
  - Effective: 2023-05-17
  source text: On May 17, 2023, Shenandoah Telecommunications Company (the “Company”) entered into Amendment No. 1 to Credit Agreement (the “Amendment”) to its existing Credit Agreement, dated as of July 1, 2021, with various financial institutions party thereto (the “Lenders”) and CoBank, ACB, as administrative agent for the Lenders (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/354963/000117184323003425/0001171843-23-003425-index.htm

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