Key Developments: Consolidated Communications Holdings Inc (CNSL.O)
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Latest Key Developments (Source: Significant Developments)
Consolidated Communications Holdings Inc Declares Quarterly Dividend
Consolidated Communications Holdings Inc announced that the board of directors have declared its next quarterly dividend of $0.38738 per common share, which is payable on August 1, 2013 to stockholders of record at the close of business on July 15, 2013. Full Article
Consolidated Communications Holdings Inc Announces Quarterly Dividend
Consolidated Communications Holdings Inc announced that Board Of Directors declared its regular quarterly dividend of $0.38738 per share on the Company's common stock. The dividend is payable on August 1, 2013 to stockholders of record on July 15, 2013. Full Article
Consolidated Communications Holdings Inc Announces Quarterly Dividend
Consolidated Communications Holdings Inc announced that it has declared its regular quarterly dividend of $0.38738 per share on the Company's common stock. The dividend is payable on May 1, 2013 to stockholders of record on April 15, 2013. Full Article
Consolidated Communications Holdings Inc Announces Quarterly Dividend
Consolidated Communications Holdings Inc announced that it has declared its regular quarterly dividend of $0.38738 per share on the Company's common stock. The dividend is payable on February 1, 2013 to stockholders of record on January 15, 2013. Full Article
Consolidated Communications Holdings, Inc. Announces Quarterly Dividend
Consolidated Communications Holdings, Inc. announced that the Board of Director has declared its regular quarterly dividend of $0.38738 per share on the company's common stock. The dividend is payable on November 1, 2012 to stockholders of record on October 15, 2012. Full Article
Consolidated Communications Holdings, Inc. Completes Sale of Senior Notes to Fund SureWest Acquisition
Consolidated Communications Holdings, Inc. announced that its wholly-owned subsidiary, Consolidated Communications Finance Co. completed the previously announced sale of $300,000,000 in aggregate principal amount of 10.875% senior notes due 2020 (the 'Notes'). The Notes bear interest at a rate of 10.875% per annum, payable semi-annually on June 1 and December 1, commencing on December 1, 2012. The Notes were priced at 99.345% of par, for a yield to maturity of 11%, which will result in total gross proceeds of $298,035,000. The Notes are the senior obligations of Finance Co., which will be merged into Consolidated Communications, Inc., the parent of Finance Co. and a first tier subsidiary of Consolidated, upon completion of Consolidated's previously-announced acquisition of SureWest Communications Upon closing of the Proposed Acquisition, the obligations under the Notes will be assumed by Consolidated Communications, Inc. and will be guaranteed by Consolidated and certain of its existing and future wholly-owned subsidiaries. Consolidated intends to use the net proceeds of the Offering to partially fund the Proposed Acquisition. Pending completion of the Proposed Acquisition, the proceeds of the Offering, together with available cash, will be held in an escrow account in an amount equal to 100.345% of the aggregate principal amount of the Notes, together with interest payable on the Notes to, but excluding, November 5, 2012. Full Article
Consolidated Communications Holdings, Inc. Updates To SureWest Acquisition Closing
Consolidated Communications Holdings, Inc. announced it has received notice from the California Public Utilities Commission that the proposed decision in approving the SureWest Communications (SureWest) acquisition is set for the Commission's June 7th meeting. Consolidated expects the Commission will approve the transaction as recommended. Shareholder votes and tabulations are set for both Consolidated and SureWest on June 12th. Assuming the aforementioned approvals occur as outlined and all remaining administrative items are completed on time, the transaction is expected to close in early July. Terms of the transaction were not disclosed. Full Article
Consolidated Communications Holdings, Inc.'s Subsidiary Announces Pricing Of Senior Notes
Consolidated Communications Holdings, Inc. announced that its wholly-owned subsidiary, Consolidated Communications Finance Co. (Finance Co.), priced an offering (the Offering) of $300,000,000 in aggregate principal amount of 10.875% senior notes due 2020 (the Notes). The Notes bear interest at a rate of 10.875% per annum, payable semi-annually on June 1 and December 1, commencing on December 1, 2012. The Notes were priced at 99.345% of par, for a yield to maturity of 11%, which will result in total gross proceeds of $298,035,000. The Notes will be the senior obligations of Finance Co., which will be merged into Consolidated Communications, Inc., the parent of Finance Co. and a first tier subsidiary of Consolidated, upon completion of Consolidated's previously-announced acquisition of SureWest Communications (the Proposed Acquisition). Upon closing of the Proposed Acquisition, the obligations under the Notes will be assumed by Consolidated Communications, Inc. and will be guaranteed by Consolidated and certain of its existing and future wholly-owned subsidiaries. Consolidated intends to use the net proceeds of the Offering to partially fund the Proposed Acquisition. Pending completion of the Proposed Acquisition, the proceeds of the Offering, together with available cash, will be held in an escrow account in an amount equal to 100.345% of the aggregate principal amount of the Notes, together with interest payable on the Notes to, but excluding, November 5, 2012. Full Article
Consolidated Communications Holdings, Inc.'s Subsidiary Announces Offering Of Senior Notes To Fund SureWest Acquisition
Consolidated Communications Holdings, Inc. announced that its wholly owned subsidiary, Consolidated Communications Finance Co., intends to offer, 350 million in aggregate principal amount of senior notes due 2020. The Notes will be the senior obligations of Finance Co., which will be merged into Consolidated Communications, Inc., the parent of Finance Co. and a first tier subsidiary of Consolidated, upon completion of Consolidated's previously-announced acquisition of SureWest Communications. Upon closing of the Proposed Acquisition, the obligations under the Notes will be assumed by Consolidated Communications, Inc. and will be guaranteed by Consolidated and certain of its existing and future wholly owned subsidiaries. Consolidated intends to use the net proceeds of the Offering to partially fund the Proposed Acquisition. Pending completion of the Proposed Acquisition, the proceeds of the Offering, together with available cash, will be held in an escrow account in an amount equal to 101% of the aggregate principal amount of the Notes, together with interest payable on the Notes. If the Proposed Acquisition is terminated or not completed on or prior to November 5, 2012, the Notes will be subject to a special mandatory redemption at a redemption price equal to 101% of the aggregate principal amount of the Notes plus accrued and unpaid interest. Full Article
Consolidated Communications Holdings, Inc. Declares Quarterly Dividend
Consolidated Communications Holdings, Inc. announced that the Board Of Directors declared its next quarterly dividend of $0.38738 per common share, which is payable on August 1, 2012 to stockholders of record at the close of business on July 13, 2012. Full Article
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