NTELOS Holdings Says Q4 Adj. EBITDA Impacted By Higher Costs - Quick Facts

(RTTNews) - NTELOS Holdings Corp. (NTLS) Tuesday said expects fourth-quarter adjusted earnings before interest, tax, depreciation and amortization or EBITDA, a key earnings metric, to be approximately $26.7 million. The company noted that the adjusted EBITDA was impacted by seasonally higher subsidy costs associated with strong gross additions during the holiday sales season and increased retention costs associated with customers coming out of contract.

For fiscal year 2013, adjusted EBITDA is expected to be approximately $150.9 million, including $9.6 million recognized during the third quarter related to the dispute settlement with Sprint.

Capital expenditures are expected to be approximately $15.5 million and $80.7 million for the quarter and year, respectively.

The company plans to release its complete fourth quarter 2013 results on or about February 28.

Looking ahead for fiscal year 2014, the company expects adjusted EBITDA to be between $140 million and $150 million, and capital expenditures between $85.0 million and $95.0 million.

The company also announced that it intends to explore the possibility of refinancing its outstanding Term Loan-A credit facility to take advantage of current favorable market conditions.