debt
confidence high
sentiment neutral
materiality 0.75
Shentel prices $567.4M inaugural fiber network securitization with 5.69% weighted avg coupon
SHENANDOAH TELECOMMUNICATIONS CO/VA/
- $489.1M Class A-2 notes at 5.64% and $78.3M Class B notes at 6.03%, both due Dec 2030.
- Weighted average coupon approximately 5.69%; secured by fiber assets in VA, OH, PA, IN, MD.
- Expected close Dec 5, 2025; proceeds to repay existing term loans and for general corporate purposes.
- Notes offered only to QIBs under Rule 144A and Regulation S; not registered under Securities Act.