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Consolidated Communications Holdings, Inc. (CNSL)

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  • GlobeNewswire

    Consolidated Communications Partners with Pax8, the Leader in Cloud Distribution, to Enhance its Cloud Services

    Partnership will result in simplified ordering and fulfillment for business customersMATTOON, Ill., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, today announced it has partnered with Pax8, the leader in cloud distribution, to provide business customers with an enhanced suite of cloud services, including: next generation productivity, backup, security, data management and disaster recovery solutions. The partnership will simplify and streamline the order and fulfillment process for business customers, ultimately shortening the provisioning timeline. It will enable Consolidated Communications to more effectively deliver cloud services to the marketplace.“This strategic partnership will improve the buying and installation experience for our business customers through the delivery of an enhanced portfolio of cloud services at competitive prices,” said Doug Abolt, vice president of commercial product management at Consolidated Communications. “Pax8’s streamlined, self-provisioning platform accelerates and simplifies the customer ordering process.”“Pax8 is pleased to support and empower Consolidated Communications in its efforts to deliver cloud technology services to business clients,” said Sam Nelson, vice president of channel development at Pax8. “Our experienced team looks forward to providing the resources, education and responsive support needed for Consolidated to grow its business.”To learn more about Consolidated Communications’ cloud services, visit www.consolidated.com/business/medium-enterprise/cloud-services.About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area. Leveraging an advanced fiber network spanning 46,000 fiber route miles, Consolidated Communications is a top-10 fiber provider in the U.S. offering a wide range of communications solutions, including: high-speed Internet, data, phone, security, managed services, cloud services and wholesale, carrier solutions. From our first connection 125 years ago, Consolidated is dedicated to turning technology into solutions, connecting people and enriching how they work and live. Visit www.consolidated.com for more information.About Pax8 Pax8 is modernizing how partners buy, sell, and manage cloud. As a born-in-the-cloud company, Pax8 simplifies the buying journey, empowering its partners to achieve more with cloud technology. The company’s technology displaces legacy distribution by connecting the channel ecosystem to its award-winning transactional cloud marketplace. Through billing, provisioning, automation, industry-leading PSA integrations, and pre and post-sales support, and education, Pax8 is a proven disruptor in the market. In 2018, Pax8 was ranked number 68 on the Inc. 5000, and in 2019, the company was ranked number 60, and it ranked number 111 in 2020. If you want to be successful with cloud, you want to work with Pax8. Get started today at www.pax8.com.Media Contacts: Sam Gett, Consolidated Communications Samuel.Gett@consolidated.com 507.387.1866Jennifer Spaude, Consolidated Communications Jennifer.Spaude@consolidated.com 507.386.3765

  • GlobeNewswire

    Consolidated Communications Announces Pricing of Senior Secured Notes

    MATTOON, Ill., Sept. 18, 2020 (GLOBE NEWSWIRE) -- Consolidated Communications (NASDAQ: CNSL) (“Consolidated”) announced today that its wholly-owned subsidiary, Consolidated Communications, Inc. ("CCI"), priced an offering (the "Offering") of $750,000,000 aggregate principal amount of 6.500% senior secured notes due 2028 (the "Notes"). The Notes bear interest at a rate of 6.500% per annum, payable semi-annually on April 1 and October 1, commencing on April 1, 2021. The Notes were priced at par, which will result in total gross proceeds of $750,000,000. The aggregate offering size of $750,000,000 represents a decrease of $250,000,000 from the amount previously expected, as disclosed by Consolidated, which amount is expected to be borrowed by Consolidated pursuant to new credit facilities. The closing of the Offering is expected to occur, and the Notes are anticipated to be issued, on or about October 2, 2020, subject to customary closing conditions. The Notes will be guaranteed by Consolidated and certain of its existing and future wholly-owned subsidiaries. Together with the proceeds from the previously-announced credit facilities that CCI intends to enter into, Consolidated intends to use the net proceeds of the Offering to refinance CCI’s outstanding 6.500% senior notes due 2022 and CCI’s existing credit facilities, and to pay the fees and expenses in connection with the previously-announced strategic investment from affiliates of Searchlight Capital Partners, L.P.The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The Notes are being offered or sold only to (1) persons reasonably believed to be “qualified institutional buyers,” as defined in Rule 144A under the Securities Act and (2) outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act.This press release is for informational purposes only and does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes or any other securities, nor shall there be any sales of Notes or other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.Forward-Looking StatementsCertain statements in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, our current expectations, plans, strategies, and anticipated financial results. There are a number of risks, uncertainties, and conditions that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include a number of factors related to our business, including the uncertainties relating to the impact of the novel coronavirus (COVID-19) pandemic on Consolidated’s business, results of operations, cash flows, stock price and employees; the possibility that any of the anticipated benefits of the proposed strategic investment from Searchlight or our refinancing of outstanding debt, including Consolidated’s proposed new senior secured credit facilities, will not be realized; the outcome of any legal proceedings that may be instituted against Consolidated or its directors; the ability to obtain regulatory approvals and meet other closing conditions to the investment on a timely basis or at all, including the risk that regulatory approvals required for the investment are not obtained on a timely basis or at all, or are obtained subject to conditions that are not anticipated or that could adversely affect Consolidated or the expected benefits of the investment; the anticipated use of proceeds of the strategic investment; economic and financial market conditions generally and economic conditions in our service areas; various risks to the price and volatility of our common stock; changes in the valuation of pension plan assets; the substantial amount of debt and our ability to repay or refinance it or incur additional debt in the future; our need for a significant amount of cash to service and repay the debt restrictions contained in our debt agreements that limit the discretion of management in operating the business; regulatory changes, including changes to subsidies, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with our possible pursuit of acquisitions; system failures; cyber-attacks, information or security breaches or technology failure of ours or of a third party; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; new or changing tax laws or regulations; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of our network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; and liability and compliance costs regarding environmental regulations; and risks associated with discontinuing paying dividends on our common stock. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements are discussed in more detail in our filings with the SEC, including our reports on Form 10-K and Form 10-Q. Many of these circumstances are beyond our ability to control or predict. Moreover, forward-looking statements necessarily involve assumptions on our part. These forward-looking statements generally are identified by the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “plan,” “should,” “may,” “will,” “would,” “will be,” “will continue” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Consolidated and its subsidiaries to be different from those expressed or implied in the forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this press release.  Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the SEC, we disclaim any intention or obligation to update or revise publicly any forward-looking statements. You should not place undue reliance on forward-looking statements.About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area. Leveraging an advanced fiber network spanning 46,000 fiber route miles, Consolidated Communications is a top-10 fiber provider in the U.S. offering a wide range of communications solutions, including: high-speed Internet, data, phone, security, managed services, cloud services and wholesale, carrier solutions. From our first connection 125 years ago, Consolidated is dedicated to turning technology into solutions, connecting people and enriching how they work and live. Visit www.consolidated.com for more information.Contact: Jennifer Spaude, Consolidated Communications 507-386-3765, jennifer.spaude@consolidated.com

  • GlobeNewswire

    Consolidated Communications Introduces Affordable Broadband Plans with No Data Limits for Small and Medium-sized Businesses

    New FiberConnect and BizConnect plans enable small businesses to lock in savings without data limits.MATTOON, Ill., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, today announced the launch of new flexible broadband Internet plans that offer simplified, value-based pricing without data limits to small and medium-sized businesses. Reliable, fast Internet connections are more important than ever, and Consolidated’s new plans provide small businesses affordable options that match their needs. FiberConnect plans deliver symmetrical upload and download speeds up to 1 Gig in Consolidated’s fiber-based service area, and BizConnect plans deliver download speeds up to 100 Mbps in other areas.“Consolidated Communications’ FiberConnect and BizConnect plans offer affordable, flexible options with no data caps and locked-in prices that businesses can count on for up to three years,” said Doug Abolt, vice president of commercial product management. “These services offer substantial value for businesses across many industries, including retail, health care and real estate, as well as for many service professionals.”Flexible contract options enable businesses to lock in savings in increments of one, two or three years. A no-contract option is also available. All broadband Internet plans come with a 30-day money-back guarantee and include access to 24/7 U.S.-based technical support. Any FiberConnect or BizConnect plan can be bundled with one of Consolidated’s dependable and robust voice services, including ProConnect Unified Communications, for additional savings.For more information, visit https://www.consolidated.com/business/small-business/internet. About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area. Leveraging an advanced fiber network spanning 46,000 fiber route miles, Consolidated Communications is a top-10 fiber provider in the U.S. offering a wide range of communications solutions, including: high-speed Internet, data, phone, security, managed services, cloud services and wholesale, carrier solutions. From our first connection 125 years ago, Consolidated is dedicated to turning technology into solutions, connecting people and enriching how they work and live. Visit www.consolidated.com for more information.Media Contacts: Sam Gett, Consolidated Communications Samuel.Gett@consolidated.com 507.387.1866Jennifer Spaude, Consolidated Communications Jennifer.Spaude@consolidated.com 507.386.3765