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Actionable news in SHEN: Shenandoah Telecommunications Co,

Entry into a Material Definitive

On March 29, 2016, Shenandoah Telecommunications Company, a Virginia corporation (the

Company

), entered into a First Amendment to Credit Agreement (the

First Amendment

) with CoBank, ACB, as administrative agent (the

Administrative Agent

), and the various financial institutions party thereto (the

Lenders

), which amends certain provisions of the Credit Agreement, dated as of December 18, 2015 (the

Credit Agreement

), by and among the Company, the Administrative Agent and the Lenders.

Among other things, the First Amendment modifies the Credit Agreement by (i) attaching a form of Consent and Agreement to the Credit Agreement as Exhibit P, the execution of which is a condition to the extension of credit to the Company under the Credit Agreement, and (ii) amending the definitions of Consolidated EBITDA and Permitted Liens, each as set forth in the First Amendment.

The Administrative Agent and many of the Lenders and their...


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