<p>2025 年 11 月 17 日- 上午 09:34</p>
<p>弗吉尼亚州爱丁堡，2025 年 11 月 17 日（GLOBE NEWSWIRE）-- Shenandoah Telecommunications Company（“Shentel”）（纳斯达克：SHEN）今天宣布，Shentel Issuer, LLC，作为 Shenandoah Telecommunications Company 的有限目的、破产隔离子公司，已开始发行总额为 567,405,000 美元的有担保光纤网络收入定期票据（“票据”），具体情况取决于市场条件和其他因素。票据预计将在 2030 年 12 月到期偿还，并将以某些光纤网络资产和主要位于弗吉尼亚州、俄亥俄州、宾夕法尼亚州、印第安纳州和马里兰州的相关客户合同作为担保。</p>
<p>Shentel 计划将此次发行的净收益用于偿还和终止现有的定期贷款以及一般企业用途。</p>
<p>这些票据不会根据 1933 年证券法（“证券法”）及其修正案或任何州证券法进行注册，且在未注册或未获得证券法或任何适用州证券法的注册豁免的情况下，可能不会在美国提供或出售。这些票据仅向根据证券法第 144A 条款合理认为是合格机构买家的人员提供，并在符合证券法第 S 条款的情况下在美国以外地区提供。</p>
<p>本新闻稿不构成出售要约或购买要约的招揽，也不应在任何州或司法管辖区进行这些证券的销售，除非在任何此类州或司法管辖区的证券法下注册或资格之前，此类要约、招揽或销售是非法的。</p>
<p><strong>关于</strong> <strong>Shenandoah</strong> <strong>电信</strong> <strong>公司</strong></p>
<p>Shenandoah Telecommunications Company（Shentel）通过其高速、先进的光纤和电缆网络向美国东部八个相邻州的住宅和商业客户提供宽带服务。公司的服务包括：宽带互联网、视频、语音、高速以太网、专用互联网接入、暗光纤租赁和管理网络服务。公司拥有超过 18,000 英里光纤的广泛区域网络。有关更多信息，请访问 www.shentel.com。</p>
<p><em>本声明包含关于 Shentel 的前瞻性陈述和预测，涉及其商业战略、前景和财务状况等方面。这些陈述可以通过使用前瞻性术语如 “相信”、“打算”、“可能”、“将”、“应该” 或 “预期” 或这些或类似词的否定或其他变体，或通过对战略或风险和不确定性的讨论来识别。前瞻性陈述基于管理层的信念、假设和当前预期，并可能包括对 Shentel 对未来事件和趋势的信念和预期的评论，这些事件和趋势必然受到不确定性的影响，其中许多超出了 Shentel 的控制范围。尽管管理层相信前瞻性陈述中反映的预期是合理的，但前瞻性陈述并不是，也不应被视为未来业绩或结果的保证，且它们不一定能准确指示实现此类业绩或结果的时间，实际结果可能与前瞻性陈述中包含或暗示的结果有实质性差异。有关可能导致实际结果与管理层的预测、预测、估计和期望不同的因素的讨论可在 Shentel 向证券交易委员会提交的文件中找到。这些因素可能包括但不限于整体经济条件的变化，包括通货膨胀上升、关税变化、新或变化的监管要求、技术变化、竞争变化、对我们产品和服务的需求变化、我们执行商业战略的能力、劳动力和资本的可用性、自然灾害、流行病和传染病的爆发以及其他不利的公共卫生发展。所包含的前瞻性陈述仅在声明日期有效。Shentel 没有义务修订或更新此类陈述，以反映当前事件或情况，或反映意外事件的发生，法律要求的除外。</em></p>
<p>联系方式：</p>
<p>Shenandoah Telecommunications Company</p>
<p>Lucas Binder</p>
<p>企业财务副总裁</p>
<p>540-984-4800</p>
<p>lucas.binder@emp.shentel.com</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RVM056QTFNeU0zTWpZMU9ERTFJekl3TVRBNU5ETT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RVM056QTFNeU0zTWpZMU9ERTFJekl3TVRBNU5ETT0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTNiZWM1MTctZGJiYS00OGNhLTk1OTQtYmM3MzMyM2Y3ZGE3LTEwMjI1MTYtMjAyNS0xMS0xNy1lbg==/tiny/Shenandoah-Telecommunications-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTNiZWM1MTctZGJiYS00OGNhLTk1OTQtYmM3MzMyM2Y3ZGE3LTEwMjI1MTYtMjAyNS0xMS0xNy1lbg==/tiny/Shenandoah-Telecommunications-.png"/></p>

Shenandoah电讯

<p>Shenandoah 电讯公司宣布通过 Shentel Issuer, LLC 推出一项价值 5.67 亿美元的光纤网络资产证券化发行。该债券以光纤网络资产为担保，旨在偿还现有贷款和用于一般企业目的。该发行面向符合条件的机构投资者，遵循 144A 规则，并符合 S 条例。前瞻性声明强调了可能影响未来业绩的风险和不确定性</p>

<p>11/17/2025 - 09:34 AM</p>
<div class="lb-trans"><p>2025 年 11 月 17 日- 上午 09:34</p>
</div><p>EDINBURG, Va., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel”) (NASDAQ:SHEN) today announced Shentel Issuer, LLC, a limited-purpose, bankruptcy remote subsidiary of Shenandoah Telecommunications Company, has commenced an offering of $567,405,000 aggregate principal amount of secured fiber network revenue term notes (the “Notes”), subject to market conditions and other factors. The Notes will have an anticipated repayment date in December 2030 and will be secured by certain fiber network assets and related customer contracts primarily in the States of Virginia, Ohio, Pennsylvania, Indiana, and Maryland.</p>
<div class="lb-trans"><p>弗吉尼亚州爱丁堡，2025 年 11 月 17 日（GLOBE NEWSWIRE）-- Shenandoah Telecommunications Company（“Shentel”）（纳斯达克：SHEN）今天宣布，Shentel Issuer, LLC，作为 Shenandoah Telecommunications Company 的有限目的、破产隔离子公司，已开始发行总额为 567,405,000 美元的有担保光纤网络收入定期票据（“票据”），具体情况取决于市场条件和其他因素。票据预计将在 2030 年 12 月到期偿还，并将以某些光纤网络资产和主要位于弗吉尼亚州、俄亥俄州、宾夕法尼亚州、印第安纳州和马里兰州的相关客户合同作为担保。</p>
</div><p>Shentel intends to use the net proceeds of the offering to, among other things, repay and terminate its existing term loans and for general corporate purposes.</p>
<div class="lb-trans"><p>Shentel 计划将此次发行的净收益用于偿还和终止现有的定期贷款以及一般企业用途。</p>
</div><p>The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold inthe United Statesabsent registration or an applicable exemption from registration under the Securities Act or any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outsidethe United Statesin compliance with Regulation S under the Securities Act.</p>
<div class="lb-trans"><p>这些票据不会根据 1933 年证券法（“证券法”）及其修正案或任何州证券法进行注册，且在未注册或未获得证券法或任何适用州证券法的注册豁免的情况下，可能不会在美国提供或出售。这些票据仅向根据证券法第 144A 条款合理认为是合格机构买家的人员提供，并在符合证券法第 S 条款的情况下在美国以外地区提供。</p>
</div><p>This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
<div class="lb-trans"><p>本新闻稿不构成出售要约或购买要约的招揽，也不应在任何州或司法管辖区进行这些证券的销售，除非在任何此类州或司法管辖区的证券法下注册或资格之前，此类要约、招揽或销售是非法的。</p>
</div><p><strong>About</strong> <strong>Shenandoah</strong> <strong>Telecommunications</strong> <strong>Company</strong></p>
<div class="lb-trans"><p><strong>关于</strong> <strong>Shenandoah</strong> <strong>电信</strong> <strong>公司</strong></p>
</div><p>Shenandoah Telecommunications Company(Shentel) provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the easternUnited States. The Company’s services include: broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services. The Company owns an extensive regional network with over 18,000 route miles of fiber. For more information, please visitwww.shentel.com.</p>
<div class="lb-trans"><p>Shenandoah Telecommunications Company（Shentel）通过其高速、先进的光纤和电缆网络向美国东部八个相邻州的住宅和商业客户提供宽带服务。公司的服务包括：宽带互联网、视频、语音、高速以太网、专用互联网接入、暗光纤租赁和管理网络服务。公司拥有超过 18,000 英里光纤的广泛区域网络。有关更多信息，请访问 www.shentel.com。</p>
</div><p><em>Thisrelease contains forward-looking statements and projections about Shentel regarding, among other things, its business strategy, its prospects and its financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “intends,” “may,” “will,” “should,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. The forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to Shentel’s beliefs and expectations as to future events and trends affecting its business that are necessarily subject to uncertainties, many of which are outside Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved, and actual results may differ materially from those contained in or implied by the forward-looking statements/. A discussion of factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission.Thosefactors may include, among others, changes in overall economic conditions including rising inflation, changes in tariffs, new or changing regulatory requirements, changes in technologies, changes in competition, changing demand for our products and services, our ability to execute our business strategies, availability of labor resources and capital, natural disasters, pandemics, and outbreaks of contagious diseases and other adverse public health developments. The forward-looking statements included are made only as of the date of the statement. Shentel undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.</em></p>
<div class="lb-trans"><p><em>本声明包含关于 Shentel 的前瞻性陈述和预测，涉及其商业战略、前景和财务状况等方面。这些陈述可以通过使用前瞻性术语如 “相信”、“打算”、“可能”、“将”、“应该” 或 “预期” 或这些或类似词的否定或其他变体，或通过对战略或风险和不确定性的讨论来识别。前瞻性陈述基于管理层的信念、假设和当前预期，并可能包括对 Shentel 对未来事件和趋势的信念和预期的评论，这些事件和趋势必然受到不确定性的影响，其中许多超出了 Shentel 的控制范围。尽管管理层相信前瞻性陈述中反映的预期是合理的，但前瞻性陈述并不是，也不应被视为未来业绩或结果的保证，且它们不一定能准确指示实现此类业绩或结果的时间，实际结果可能与前瞻性陈述中包含或暗示的结果有实质性差异。有关可能导致实际结果与管理层的预测、预测、估计和期望不同的因素的讨论可在 Shentel 向证券交易委员会提交的文件中找到。这些因素可能包括但不限于整体经济条件的变化，包括通货膨胀上升、关税变化、新或变化的监管要求、技术变化、竞争变化、对我们产品和服务的需求变化、我们执行商业战略的能力、劳动力和资本的可用性、自然灾害、流行病和传染病的爆发以及其他不利的公共卫生发展。所包含的前瞻性陈述仅在声明日期有效。Shentel 没有义务修订或更新此类陈述，以反映当前事件或情况，或反映意外事件的发生，法律要求的除外。</em></p>
</div><p>CONTACT:</p>
<div class="lb-trans"><p>联系方式：</p>
</div><p>Shenandoah Telecommunications Company</p>
<div class="lb-trans"><p>Shenandoah Telecommunications Company</p>
</div><p>Lucas Binder</p>
<div class="lb-trans"><p>Lucas Binder</p>
</div><p>VP Corporate Finance</p>
<div class="lb-trans"><p>企业财务副总裁</p>
</div><p>540-984-4800</p>
<div class="lb-trans"><p>540-984-4800</p>
</div><p>lucas.binder@emp.shentel.com</p>
<div class="lb-trans"><p>lucas.binder@emp.shentel.com</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RVM056QTFNeU0zTWpZMU9ERTFJekl3TVRBNU5ETT0" alt="" original-src="https://www.globenewswire.com/newsroom/ti?nf=OTU3NzA1MyM3MjY1ODE1IzIwMTA5NDM="/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTNiZWM1MTctZGJiYS00OGNhLTk1OTQtYmM3MzMyM2Y3ZGE3LTEwMjI1MTYtMjAyNS0xMS0xNy1lbg==/tiny/Shenandoah-Telecommunications-.png" alt="" original-src="https://ml.globenewswire.com/media/OTNiZWM1MTctZGJiYS00OGNhLTk1OTQtYmM3MzMyM2Y3ZGE3LTEwMjI1MTYtMjAyNS0xMS0xNy1lbg==/tiny/Shenandoah-Telecommunications-.png"/></p>

Shenandoah 电讯公司宣布推出首个光纤网络资产证券化产品 | SHEN 股票新闻