secwatch.observer — SEC 8-K summary
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Issuer:     Consolidated Communications Holdings, Inc. (—)
CIK:        0001304421
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001558370-24-006915
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Consolidated Communications Q1 revenue $274.7M, net loss $47.2M, pending acquisition on track
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- Revenue $274.7M; consumer revenue $114.8M, fiber broadband revenue $41.6M, total broadband net adds 6,338.
- Net loss ($47.2M) vs ($47.7M) YoY; EPS ($0.41); adjusted diluted EPS ($0.27).
- Adjusted EBITDA $88.4M; capex $83.7M; added 10,783 new fiber passings; net debt leverage 6.76x.
- Liquidity $198M: $7M cash, $111M revolver, $80M undrawn term loan; $80M term loan secured March 21.
- Pending acquisition by Searchlight/BCI for ~$3.1B enterprise value expected close Q1 2025; Washington asset sale closed May 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304421/000155837024006915/0001558370-24-006915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304421/000155837024006915/cnsl-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006915

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