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Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

(in thousands)			September 30, 2024						December 31, 2023
Term loan A-1			$	146,279					$	150,000
Term loan A-2			148,878						150,000
Term loan A-3			50,000						—
Total debt			345,157						300,000
Less: unamortized loan fees			(598)						(101)
Total debt, net of unamortized loan fees			$	344,559					$	299,899

Interest Income and Interest Expense Disclosure

Interest expense recorded in Shentel’s unaudited condensed consolidated statements of operations consisted of the following:

			Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)			2024						2023						2024						2023
Interest expense			$	6,158					$	2,719					$	17,755					$	6,286
Less: capitalized interest			(2,490)						(1,521)						(6,015)						(3,791)
Interest expense, net of capitalized interest			$	3,668					$	1,198					$	11,740					$	2,495

Maturities of Long-term Debt

The following table summarizes the expected payments of Shentel’s outstanding borrowings as of September 30, 2024:

(in thousands)						Amount
2024 (remainder of the year)						$	2,201
2025						8,755
2026						139,074
2027						2,419
2028						192,708
Total						$	345,157

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