Shenandoah Q1 loss widens 63% as debt restructuring doubles interest expense to $9.4M

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Net loss grew from $10.6M to $17.3M year-over-year as interest expense nearly doubled to $9.4M following a $567M asset-backed securitization that replaced prior term loans and extended maturities to 2030.

  MD&A: Financial Results verify on EDGAR →
• high

  Company completed major debt restructuring, forming bankruptcy-remote subsidiaries and contributing ~307,000 Glo Fiber passings plus commercial fiber assets to secure $707M in ABS notes, VFN, and revolver—up $192M from prior $516M term loan structure.

  MD&A: Debt Structure verify on EDGAR →
• high

  Available liquidity fell 42% from $335M to $195M as unrestricted cash dropped to $44M, revolver availability shrank to $68M, and government grant reimbursements declined to $38M from $104M.

  MD&A: Liquidity verify on EDGAR →