Shenandoah Telecommunications Company Unveils First Fiber Network Asset Securitization Initiative

Shentel's Offering Announcement: Shenandoah Telecommunications Company has initiated an offering of $567.4 million in secured fiber network revenue term notes, with a repayment date set for December 2030, secured by fiber network assets in several states.

Use of Proceeds: The proceeds from the offering will primarily be used to repay existing term loans and for general corporate purposes.

Securities Registration: The notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers, adhering to specific regulations.

Company Overview: Shentel provides broadband services across eight states in the eastern U.S., offering a range of services including internet, video, and managed network services, supported by an extensive fiber network.