{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-006374","form_type":"8-K","ticker":"SHEN","cik":"0000354963","company_name":"SHENANDOAH TELECOMMUNICATIONS CO/VA/","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.661341+00:00","generated_at":"2026-06-09T11:58:57.279010+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Shentel to acquire Horizon Telcom for $385M in cash and stock","bullets":["Acquires 100% of Horizon for $385M: $305M cash + $80M common stock (4.08M shares to GCM Grosvenor).","Horizon generated $64.7M revenue, $19.0M Adjusted EBITDA, and $12.0M net loss in 2022.","Shentel expects $10M annual run-rate synergies within 18 months; $16M tax benefits from $68M NOL.","Transaction subject to regulatory approvals; expected close in H1 2024. Financing includes $275M commitments and $81M preferred from ECP.","Shentel targets 600K total fiber passings by end 2026; may pursue strategic alternatives for tower portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-006374","json":"https://secwatch.observer/filing/0001171843-23-006374.json","markdown":"https://secwatch.observer/filing/0001171843-23-006374.md","text":"https://secwatch.observer/filing/0001171843-23-006374.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/354963/000117184323006374/0001171843-23-006374-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/354963/000117184323006374/f8k_102423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T11:58:57.279010+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}