Brief: Shenandoah Telecommunications Company To Acquire Horizon Telcom For $385 Million

GCM Grosvenor

25/10/2023 02:54

Oct 24 (Reuters) - Shenandoah Telecommunications Co
 SHEN.O :
    * SHENANDOAH TELECOMMUNICATIONS COMPANY TO ACQUIRE HORIZON
TELCOM
    * DEAL FOR $385 MILLION
    * ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE 100% OF
EQUITY
INTERESTS IN HORIZON ACQUISITION PARENT LLC
    * CONSIDERATION WILL CONSIST OF $305 MILLION IN CASH AND $80
MILLION OF SHENTEL COMMON STOCK
    * SHENANDOAH -INTENDS TO FUND DEAL WITH COMBINATION OF
EXISTING
CASH RESOURCES, REVOLVING CREDIT FACILITY CAPACITY AND AMENDED,
UPSIZED CREDIT FACILITY

Source text for Eikon:  ID:nGNX20JCm9 
Further company coverage:  SHEN.O 

 ((Reuters.Briefs@thomsonreuters.com;))