Shenandoah Telecommunications Stock Price, News & Analysis

Shenandoah Telecommunications (NASDAQ:SHEN) completed a refinancing effective December 5, 2025 that extends debt maturities and lowers borrowing costs.

Key terms: inaugural secured fiber network revenue term notes of $567.405M due Dec 2030 (5.64% Class A-2; 6.03% Class B), a $175M VFN due Dec 2029 at term SOFR+1.75% (no borrowings at close), and a $175M revolving credit facility due Dec 2030 (SOFR+2.50%–3.00%) with $75M drawn at closing. The company expects ~170 bps lower cost of debt and ~$10.0M annual interest expense savings; upfront transaction fees were ~$15.0M.

Shentel (Nasdaq: SHEN) launched 100% fiber-to-the-home internet in Radford, Virginia, with service starting in December 2025 and construction expected to finish by March 2026. The deployment offers symmetrical, multi-gig speeds up to 5 Gbps and is supported by Shentel's regional fiber network of more than 18,000 miles.

Current Shentel customers can upgrade at no additional cost as local construction completes. The company also offers phone, video, and Whole-Home Wi-Fi, plus local customer support. Sign-ups and upgrade notifications are available at shentelfiber.com/upgrade, with residential and commercial details on the company's local Radford pages.

Shenandoah Telecommunications (NASDAQ:SHEN) announced that CEO Ed McKay will participate in investor meetings and fiber panel discussions in New York on December 8–9, 2025.

Mr. McKay will join the "We’re Putting the Band(width) back together: The FTTH Wave Continues" panel at the Raymond James TMT and Consumer Conference on Dec 8, 2025 at 10:00 AM ET, and the "FTTH Panel: Framing the Future Opportunity" at the UBS Global Media and Communications Conference on Dec 9, 2025 at 4:30 PM ET. Both events take place in New York, NY.

Shentel (NASDAQ:SHEN) priced a $567,405,000 inaugural secured fiber network asset securitization offering on Nov 20, 2025.

The transaction includes $489,142,000 5.64% Class A-2 term notes and $78,263,000 6.03% Class B term notes, with a weighted average coupon of approximately 5.69% and an anticipated repayment date in December 2030. The Notes are secured by fiber network assets and related customer contracts primarily in VA, OH, PA, IN, and MD. The offering is expected to close on Dec 5, 2025. Net proceeds are intended to repay and terminate existing term loans and for general corporate purposes. The Notes will be offered to qualified institutional buyers under Rule 144A and under Regulation S outside the United States and will not be registered under the Securities Act.

Shenandoah Telecommunications Company (NASDAQ:SHEN) announced that Shentel Issuer, LLC, a bankruptcy-remote subsidiary, has commenced an offering of $567,405,000 aggregate principal amount of secured fiber network revenue term notes, subject to market conditions.

The Notes have an anticipated repayment date in December 2030 and will be secured by specified fiber network assets and related customer contracts primarily in Virginia, Ohio, Pennsylvania, Indiana, and Maryland. Net proceeds are intended to repay and terminate existing term loans and be used for general corporate purposes. The Notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and will not be registered under the Securities Act.

Glo Fiber (Nasdaq: SHEN) launched 100% fiber-to-the-home broadband in initial neighborhoods of Greenfield, Ohio on Nov. 13, 2025. Construction began in early September and is expected to finish by end of 2025, passing over 2,300 homes and businesses. Service offers symmetrical speeds up to 5 Gbps, Whole Home Wi‑Fi, phone and video options, and is backed by Shentel's 18,000-mile regional fiber network. Residents will receive advance mail notice and can check availability or sign up at the local Glo Fiber webpage. The company emphasized local customer service and positioned the expansion as support for remote work, education, and local economic development.

Shenandoah Telecommunications Company (Nasdaq: SHEN) reported third quarter 2025 results on October 29, 2025. Total revenue rose 2.5% year-over-year to $89.8 million while Glo Fiber Expansion Markets revenue grew 41.1% to $21.3 million driven by a 41.3% rise in average subscribers and 20,000 new passings constructed in the quarter.

Adjusted EBITDA increased 11.8% to $29.7 million and margin expanded to 33% from 30% a year earlier. Net loss from continuing operations was $9.4 million versus $5.3 million in Q3 2024. Capital expenditures were $251.5 million for the nine months ended September 30, 2025. Available liquidity totaled $212.6 million and total indebtedness was $535.4 million as of September 30, 2025. The company reiterated full-year 2025 guidance.

Shenandoah Telecommunications Company (NASDAQ: SHEN) announced a cash dividend of $0.11 per share, payable December 1, 2025 to shareholders of record at the close of business on November 7, 2025.

The increase is $0.01 per share or 10.0% versus the December 2024 dividend and marks Shentel’s sixty-sixth consecutive year of annual dividends. Management attributed the increase to the strong performance of its Glo Fiber business and expressed continued confidence in future growth.

Shenandoah Telecommunications Company (NASDAQ:SHEN) will release its third quarter 2025 financial results after market close on Wednesday, October 29, 2025.

The company will host a conference call and simultaneous webcast the same day at 4:30 p.m. Eastern Time to discuss results and business highlights. Investors can listen via the company investor site at https://investor.shentel.com/. Analysts should register to dial in using the provided registration link. A replay will be available for a limited time on the company Investor Relations page.