Consolidated Communications plans to redeem 6½% notes due 2022

By Taylor Fox

New York, Sept. 14 – Consolidated Communications Holdings, Inc. plans to use proceeds from its offering of $1 billion senior notes due 2028 to redeem all outstanding 6½% senior notes due 2022 and to repay a portion of outstanding borrowings under its existing credit facility, according to a news release.

The company will also use proceeds to pay related fees and expenses.

Consolidated Communications is a Mattoon, Ill.-based broadband and business communications provider.

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