Consolidated communications secures incremental term loan financing of $150 million

Mattoon, ill.--(business wire)--consolidated communications (nasdaq: cnsl) today announced it has secured and closed on an incremental $150 million term loan that is fungible with the company's existing first lien term loan b with maturities due october 2027. the terms of the incremental term loan facility are substantially similar to those relating to the company's existing term loan facility, except with respect to issue price. the loans under the incremental term loan facility bear interest
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