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News Sep 19, 2014

Shearman & Sterling Advises on Consolidated Communications Finance II Co.’s $200 Million Senior Notes Offering

Shearman & Sterling represented Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and RBS Securities Inc. as joint-lead and bookrunning managers in connection with a private placement of $200 million aggregate principal amount of 6.50% Senior Notes due 2022 of Consolidated Communications Finance II Co., a wholly-owned subsidiary of Consolidated Communications, Inc. (“CCI”), pursuant to Rule 144A and Regulation S. The proceeds from the offering will be used to fund CCI’s acquisition of Enventis Corporation.

CCI is a wholly-owned subsidiary of Consolidated Communications Holdings, Inc. Consolidated Communications is a regional communications service provider offering a full-suite of data and voice solutions to business and residential customers in Illinois, Texas, Pennsylvania, California, Kansas and Missouri.

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Palo Alto-Tax) and associates Kevin Roggow (Toronto-Capital Markets), Drew Valentine (Toronto-Capital Markets) and Alice Townes (Palo Alto-Tax).