HickoryTech Signs Favorable New $150M Financing Agreement for Senior Notes and Revolving Credit Agreement

HickoryTech Corporation HTCO announced today the closing of its new debt financing agreement for an aggregate credit facility of $150 million. The new credit facility offers HickoryTech access to additional financing to deploy capital in pursuit of its strategic growth initiatives. "We are very pleased with the terms and cost of this refinancing, which will replace our existing debt and provide additional capacity to allow us to continue our growth strategy over the next several years,” said David Christensen, senior vice president and chief financial officer. “This refinancing demonstrates the confidence our lenders have in our business model and further strengthens HickoryTech's long-term capital structure.”