solidated munications (CNSL) - 2024 Q1 - Quarterly Results

First Quarter 2024 Results Net interest expense was $42.5 million, an increase of $8.6 million versus the prior year, primarily as a result of higher interest rates on the term loan, in addition to decreased interest income due to lower cash holdings in the current quarter. At Mar. 31, 2024, the Company had 73% of its total outstanding debt at a fixed rate through September 2026. As of Mar. 31, 2024, the weighted average cost of debt was 7.14%. Capital Expenditures Exhibit 99.1 MATTOON, Ill. – May 7, 2024 – ...