<p>2025 年 11 月 17 日- 上午 09:34</p>
<p>弗吉尼亞州愛丁堡，2025 年 11 月 17 日（GLOBE NEWSWIRE）-- Shenandoah Telecommunications Company（“Shentel”）（納斯達克：SHEN）今天宣佈，Shentel Issuer, LLC，作為 Shenandoah Telecommunications Company 的有限目的、破產隔離子公司，已開始發行總額為 567,405,000 美元的有擔保光纖網絡收入定期票據（“票據”），具體情況取決於市場條件和其他因素。票據預計將在 2030 年 12 月到期償還，並將以某些光纖網絡資產和主要位於弗吉尼亞州、俄亥俄州、賓夕法尼亞州、印第安納州和馬里蘭州的相關客户合同作為擔保。</p>
<p>Shentel 計劃將此次發行的淨收益用於償還和終止現有的定期貸款以及一般企業用途。</p>
<p>這些票據不會根據 1933 年證券法（“證券法”）及其修正案或任何州證券法進行註冊，且在未註冊或未獲得證券法或任何適用州證券法的註冊豁免的情況下，可能不會在美國提供或出售。這些票據僅向根據證券法第 144A 條款合理認為是合格機構買家的人員提供，並在符合證券法第 S 條款的情況下在美國以外地區提供。</p>
<p>本新聞稿不構成出售要約或購買要約的招攬，也不應在任何州或司法管轄區進行這些證券的銷售，除非在任何此類州或司法管轄區的證券法下注冊或資格之前，此類要約、招攬或銷售是非法的。</p>
<p><strong>關於</strong> <strong>Shenandoah</strong> <strong>電信</strong> <strong>公司</strong></p>
<p>Shenandoah Telecommunications Company（Shentel）通過其高速、先進的光纖和電纜網絡向美國東部八個相鄰州的住宅和商業客户提供寬帶服務。公司的服務包括：寬帶互聯網、視頻、語音、高速以太網、專用互聯網接入、暗光纖租賃和管理網絡服務。公司擁有超過 18,000 英里光纖的廣泛區域網絡。有關更多信息，請訪問 www.shentel.com。</p>
<p><em>本聲明包含關於 Shentel 的前瞻性陳述和預測，涉及其商業戰略、前景和財務狀況等方面。這些陳述可以通過使用前瞻性術語如 “相信”、“打算”、“可能”、“將”、“應該” 或 “預期” 或這些或類似詞的否定或其他變體，或通過對戰略或風險和不確定性的討論來識別。前瞻性陳述基於管理層的信念、假設和當前預期，並可能包括對 Shentel 對未來事件和趨勢的信念和預期的評論，這些事件和趨勢必然受到不確定性的影響，其中許多超出了 Shentel 的控制範圍。儘管管理層相信前瞻性陳述中反映的預期是合理的，但前瞻性陳述並不是，也不應被視為未來業績或結果的保證，且它們不一定能準確指示實現此類業績或結果的時間，實際結果可能與前瞻性陳述中包含或暗示的結果有實質性差異。有關可能導致實際結果與管理層的預測、預測、估計和期望不同的因素的討論可在 Shentel 向證券交易委員會提交的文件中找到。這些因素可能包括但不限於整體經濟條件的變化，包括通貨膨脹上升、關税變化、新或變化的監管要求、技術變化、競爭變化、對我們產品和服務的需求變化、我們執行商業戰略的能力、勞動力和資本的可用性、自然災害、流行病和傳染病的爆發以及其他不利的公共衞生髮展。所包含的前瞻性陳述僅在聲明日期有效。Shentel 沒有義務修訂或更新此類陳述，以反映當前事件或情況，或反映意外事件的發生，法律要求的除外。</em></p>
<p>聯繫方式：</p>
<p>Shenandoah Telecommunications Company</p>
<p>Lucas Binder</p>
<p>企業財務副總裁</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電訊

<p>Shenandoah 電訊公司宣佈通過 Shentel Issuer, LLC 推出一項價值 5.67 億美元的光纖網絡資產證券化發行。該債券以光纖網絡資產為擔保，旨在償還現有貸款和用於一般企業目的。該發行面向符合條件的機構投資者，遵循 144A 規則，並符合 S 條例。前瞻性聲明強調了可能影響未來業績的風險和不確定性</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>弗吉尼亞州愛丁堡，2025 年 11 月 17 日（GLOBE NEWSWIRE）-- Shenandoah Telecommunications Company（“Shentel”）（納斯達克：SHEN）今天宣佈，Shentel Issuer, LLC，作為 Shenandoah Telecommunications Company 的有限目的、破產隔離子公司，已開始發行總額為 567,405,000 美元的有擔保光纖網絡收入定期票據（“票據”），具體情況取決於市場條件和其他因素。票據預計將在 2030 年 12 月到期償還，並將以某些光纖網絡資產和主要位於弗吉尼亞州、俄亥俄州、賓夕法尼亞州、印第安納州和馬里蘭州的相關客户合同作為擔保。</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 計劃將此次發行的淨收益用於償還和終止現有的定期貸款以及一般企業用途。</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>這些票據不會根據 1933 年證券法（“證券法”）及其修正案或任何州證券法進行註冊，且在未註冊或未獲得證券法或任何適用州證券法的註冊豁免的情況下，可能不會在美國提供或出售。這些票據僅向根據證券法第 144A 條款合理認為是合格機構買家的人員提供，並在符合證券法第 S 條款的情況下在美國以外地區提供。</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>本新聞稿不構成出售要約或購買要約的招攬，也不應在任何州或司法管轄區進行這些證券的銷售，除非在任何此類州或司法管轄區的證券法下注冊或資格之前，此類要約、招攬或銷售是非法的。</p>
</div><p><strong>About</strong> <strong>Shenandoah</strong> <strong>Telecommunications</strong> <strong>Company</strong></p>
<div class="lb-trans"><p><strong>關於</strong> <strong>Shenandoah</strong> <strong>電信</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）通過其高速、先進的光纖和電纜網絡向美國東部八個相鄰州的住宅和商業客户提供寬帶服務。公司的服務包括：寬帶互聯網、視頻、語音、高速以太網、專用互聯網接入、暗光纖租賃和管理網絡服務。公司擁有超過 18,000 英里光纖的廣泛區域網絡。有關更多信息，請訪問 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>本聲明包含關於 Shentel 的前瞻性陳述和預測，涉及其商業戰略、前景和財務狀況等方面。這些陳述可以通過使用前瞻性術語如 “相信”、“打算”、“可能”、“將”、“應該” 或 “預期” 或這些或類似詞的否定或其他變體，或通過對戰略或風險和不確定性的討論來識別。前瞻性陳述基於管理層的信念、假設和當前預期，並可能包括對 Shentel 對未來事件和趨勢的信念和預期的評論，這些事件和趨勢必然受到不確定性的影響，其中許多超出了 Shentel 的控制範圍。儘管管理層相信前瞻性陳述中反映的預期是合理的，但前瞻性陳述並不是，也不應被視為未來業績或結果的保證，且它們不一定能準確指示實現此類業績或結果的時間，實際結果可能與前瞻性陳述中包含或暗示的結果有實質性差異。有關可能導致實際結果與管理層的預測、預測、估計和期望不同的因素的討論可在 Shentel 向證券交易委員會提交的文件中找到。這些因素可能包括但不限於整體經濟條件的變化，包括通貨膨脹上升、關税變化、新或變化的監管要求、技術變化、競爭變化、對我們產品和服務的需求變化、我們執行商業戰略的能力、勞動力和資本的可用性、自然災害、流行病和傳染病的爆發以及其他不利的公共衞生髮展。所包含的前瞻性陳述僅在聲明日期有效。Shentel 沒有義務修訂或更新此類陳述，以反映當前事件或情況，或反映意外事件的發生，法律要求的除外。</em></p>
</div><p>CONTACT:</p>
<div class="lb-trans"><p>聯繫方式：</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>企業財務副總裁</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 電訊公司宣佈推出首個光纖網絡資產證券化產品 | SHEN 股票新聞