New York, December 13, 2013 -- Moody's Investors Service ("Moody's") assigned Ba3 ratings to the proposed $910 million senior secured term loan B and the proposed $75 million revolver for Consolidated Communications, Inc. ("Consolidated"). The B1 Corporate Family Rating and stable outlook remain unchanged. The use of proceeds is expected to refinance the existing term loans, the $402 million term loan B-2 that matures in December 2017 and the $511 million term loan B-3 that matures in December 2018, and fees and expenses for the transaction. The transaction will extend the term loan maturity to December 2020, the revolver maturity to December 2018 and increase revolver capacity to $75 million from $50 million. The new term loan and revolver are guaranteed by Consolidated Communications Holdings, Inc. and all existing and future direct and indirect subsidiaries of the holding company. At the closing of the transaction, Moody's will withdraw the rating on the existing term loans and revolver.

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