Morgan Stanley, Others Support Consolidated Communications Buy

Consolidated Communications entered into a $1.5 billion agreement to acquire FairPoint Communications. It secured debt financing from Morgan Stanley Senior Funding, MUFG, TD Securities and Mizuho Bank.

Wells, Others Upsize Consolidated Communications Revolver to $110MM

Consolidated Communications completed a refinance, which included increasing its revolving credit facility to $110 million. Wells Fargo Securities was left lead arranger.