Consolidated Communications, Inc. -- Moody's assigns Ba3 rating to Consolidated Communications' refinancing facility

New York, September 14, 2016 -- Moody's Investors Service ("Moody's") has assigned Ba3 ratings to Consolidated Communications, Inc.'s ("Consolidated") proposed new $900 million first lien term loan B and new $100 million revolving credit facility. The proceeds of the term loan will be used to refinance the existing $887 million term loan which matures in December 2020, pay transaction related fees and expenses , and repay existing revolver borrowings. At the closing of the transaction, Moody's will withdraw the ratings on its existing term loan and revolver. The outlook remains stable.

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