Consolidated communications announces strategic investment from searchlight capital partners

Consolidated communications announces strategic investment from searchlight capital partners; initiates refinancing.consolidated communications - announces refinancing of its outstanding debt; no significant debt maturity until late 2027.consolidated communications holdings inc - affiliates of searchlight have committed to invest up to an aggregate of $425 million in company.consolidated communications holdings inc - investment has been unanimously approved by consolidated board of directors.consolidated communications - in connection with investment from searchlight will reduce net debt by $325 million.consolidated communications - in connection with investment from searchlight will launch refinancing of all remaining $2 billion of outstanding debt.consolidated communications - at closing of first stage of investment, co's board will appoint 1 searchlight nominee, david fuller.consolidated communications - after closing of second stage of investment, searchlight would be entitled to appoint second director to co's board.
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