secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001171843-23-003425
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184323003425/0001171843-23-003425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184323003425/f8k_051823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003425

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