October 20, 2017 7:21 AM ET

Diversified Telecommunication Services

Company Overview of Consolidated Communications, Inc.

Company Overview

Consolidated Communications, Inc. provides integrated communication services including voice, data, and broadband. The company was incorporated in 2002 and is headquartered in Mattoon, Illinois. Consolidated Communications, Inc. operates as a subsidiary of Consolidated Communications Holdings Inc.

121 South 17th Street

Mattoon, IL 61938-3987

United States

Founded in 2002





Key Executives for Consolidated Communications, Inc.

Consolidated Communications, Inc. does not have any Key Executives recorded.

Consolidated Communications, Inc. Key Developments

Consolidated Communications, Inc. Enters into Senior Secured Incremental Term Loan Facility

Consolidated Communications, Inc. entered into a Commitment Letter from (i) Morgan Stanley Senior Funding, Inc., (ii) The Bank of Tokyo-Mitsubishi UFJ Ltd., MUFG Union Bank, N.A., MUFG Securities Americas Inc. (collectively, MUFG) and/or any other affiliates or subsidiaries as MUFG collectively deems appropriate to provide the services referred to therein, (iii) TD Securities (USA) LLC, (iv) The Toronto-Dominion Bank, New York Branch, and (v) Mizuho Bank Ltd. (collectively, the Lead Arrangers). The Commitment Letter provides for a senior secured incremental term loan facility in an aggregate principal amount that will yield up to $865,000,000 in gross proceeds to CCI (the Incremental Term Loan Facility) and a senior unsecured term loan facility in an aggregate principal amount that will yield up to $70,000,000 in gross proceeds to CCI (the Unsecured Term Loan Facility), provided that the commitments under the Unsecured Term Loan Facility shall be automatically and permanently reduced to zero and cancelled if, within 90 days following the date of the Commitment Letter, CCI obtains an amendment, reasonably satisfactory to the Lead Arrangers, to the terms of the Third Amended and Restated Credit Agreement, dated as of October 5, 2016, among the Company, CCI, the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent and other agents party thereto (the Credit Agreement) (and such amendment goes effective within such period) (the Amendment) allowing for an additional aggregate amount of at least $70,000,000 to be incurred as a senior secured incremental term loan credit facility pursuant to Section 2.21 of the Credit Agreement and the commitments to provide the Incremental Term Loan Facility shall be automatically and permanently increased, on a pro rata basis, by an amount equal to $70,000,000 upon effectiveness of the Amendment.

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