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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

The following loans were outstanding under the Credit Agreement:

(in thousands)			December 31, 2024						December 31, 2023
Term loan A-1			$	144,451					$	150,000
Term loan A-2			148,506						150,000
Term loan A-3			125,000						—
Total debt			417,957						300,000
Less: unamortized loan fees			(1,078)						(101)
Total debt, net of unamortized loan fees			$	416,879					$	299,899

Schedule of Interest Income and Interest Expense Disclosure

Interest expense recorded in Shentel’s consolidated statements of operations consisted of the following for the years ended:

(in thousands)						2024						2023						2022
Interest expense						$	24,415					$	9,633					$	2,241
Less: capitalized interest						(8,518)						(5,421)						(664)
Interest expense, net of capitalized interest						$	15,897					$	4,212					$	1,577

Schedule of Maturities of Long-term Debt

The following table summarizes the expected payments of Shentel’s outstanding borrowings as of December 31, 2024:

(in thousands)						Amount
2025						$	9,504
2026						140,063
2027						6,294
2028						262,096
Total						$	417,957

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