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Debt (Tables)

9 Months Ended

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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