Consolidated Communications’ $1.5 Billion Credit Facilities

Cahill represented the lead arrangers in the transaction.

Consolidated Communications, Inc. entered into a Credit Agreement which consisted of a $250 million revolving credit facility and term loans in the aggregate amount of $1.25 billion.

JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Wells Fargo Securities, LLC, Goldman Sachs Bank USA, Deutsche Bank Securities INC., TD Securities (USA) LLC, CoBank, ACB and Mizuho Bank, LTD. acted as Joint Lead Arrangers and Joint Bookrunners.

Proceeds from the credit facilities and concurrent debt offering were used to refinance existing indebtedness and for other general corporate purposes.

Consolidated Communications (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area.

Cahill represented the lead arrangers with Douglas S. Horowitz (Picture), Joshua M. Zelig, Josiah M. Slotnick, Andrew Schwartz, Justin Zeizel, Taylor Jansen, Myah L. Blythe, Stephen Gruendel, Joseph F. Rosati, Kristina K. Bergess, Yekaterina Fomitcheva, Bruna M. Amaral, and Tricia Reilly.

Involved fees earner: Bruna Amaral – Cahill Gordon & Reindel; Kristina Bergess – Cahill Gordon & Reindel; Myah Blythe – Cahill Gordon & Reindel; Yekaterina Fomitcheva – Cahill Gordon & Reindel; Stephen Gruendel – Cahill Gordon & Reindel; Douglas Horowitz – Cahill Gordon & Reindel; Taylor Jansen – Cahill Gordon & Reindel; Tricia Reilly – Cahill Gordon & Reindel; Joseph Rosati – Cahill Gordon & Reindel; Andrew Schwartz – Cahill Gordon & Reindel; Josiah Slotnick – Cahill Gordon & Reindel; Justin Zeizel – Cahill Gordon & Reindel; Joshua Zelig – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: CoBank; Deutsche Bank Securities; Goldman Sachs & Co.; JP Morgan Chase & Co.; Mizuho Bank; Morgan Stanley Senior Funding, Inc.; TD Securities; Wells Fargo Securities;

Author: Ambrogio Visconti