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Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt |
(in thousands) | September 30, 2025 |  | December 31, 2024
Term loan A-1 | $ | 139,079 |  |  | $ | 144,451 |
Term loan A-2 | 147,395 |  |  | 148,506 |
Term loan A-3 | 223,876 |  |  | 125,000 |
Revolver | 25,000 |  |  | — |
Total debt | 535,350 |  |  | 417,957 |
Less: unamortized loan fees | (1,247) |  |  | (1,078) |
Total debt, net of unamortized loan fees | $ | 534,103 |  |  | $ | 416,879 |
Schedule of 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) | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense | $ | 9,574 |  |  | $ | 6,158 |  |  | $ | 25,569 |  |  | $ | 17,755 |
Less: capitalized interest | (2,785) |  |  | (2,490) |  |  | (7,885) |  |  | (6,015) |
Interest expense, net of capitalized interest | $ | 6,789 |  |  | $ | 3,668 |  |  | $ | 17,684 |  |  | $ | 11,740 |
Maturities of Long-term Debt | The following table summarizes the expected payments of Shentel’s outstanding borrowings as of September 30, 2025:
(in thousands) |  | Amount
2025 (remainder of the year) |  | $ | 2,645 |
2026 |  | 10,430 |
2027 |  | 165,792 |
2028 |  | 356,483 |
Total |  | $ | 535,350 |

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