Shenandoah Telecommunications Announces $567.4 Million Fiber Network Asset Securitization Offering

Shenandoah Telecommunications Company has priced its inaugural fiber network asset securitization offering of $567.4 million, consisting of 5.64% and 6.03% term notes with a weighted average coupon rate of 5.69%. The offering is expected to close on December 5, 2025, and the net proceeds will be used to repay existing term loans and for general corporate purposes. The notes are secured by fiber network assets and related customer contracts primarily in Virginia, Ohio, Pennsylvania, Indiana, and Maryland.