8-K

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                                  FORM 8-K

                               CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934

     Date of Report (Date of Earliest Event Reported): February 26, 2007

                 CONSOLIDATED COMMUNICATIONS HOLDINGS, INC.
           (Exact name of registrant as specified in its charter)


           Delaware                 000-51446            02-0636095
   (State of Incorporation)      (Commission File      (IRS employer
                                      Number)        identification no.)



        121 South 17th Street
          Mattoon, Illinois                          61938-3987
   (Address of principal executive offices)          (Zip code)


     Registrant's telephone number, including area code: (217) 235-3311

                               NOT APPLICABLE
        (Former name or former address, if changed since last report)

   Check the appropriate box below if the Form 8-K filing is intended to
   simultaneously satisfy the filing obligation of the registrant under
   any of the following provisions:

   [ ]   Written communications pursuant to Rule 425 under the Securities
   Act (17 CFR 230.425)

   [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
   Act (17 CFR 240.14a-12)

   [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under
   the Exchange Act (17 CFR 240.14d-2(b))

   [ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under
   the Exchange Act (17 CFR 240.13e-4(c))







   ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

   On February 26, 2007, Consolidated Communications Holdings, Inc. (the
   "Company") entered into Amendment No. 5 ("Amendment No. 5") to the
   Second Amended and Restated Credit Agreement dated as of February 23,
   2005, as amended as of April 22, 2005, June 3, 2005, November 25, 2005
   and July 28, 2006, among the Company, Consolidated Communications,
   Inc. and Consolidated Communications Acquisition Texas, Inc., as
   borrowers (the "Borrowers"), the lenders referred to therein, Citicorp
   North America, Inc., as administrative agent, Cobank, ACB, as
   documentation agent, Credit Suisse First Boston ("CSFB") and Deutsche
   Bank Securities Inc., as co-syndication agents, and CSFB and Citigroup
   Global Markets Inc., as joint lead arrangers and joint book-runners
   (as amended, the "Credit Agreement"). Amendment No. 5 provides for,
   among other things, the following: (1) a decrease in the applicable
   margin on the amount of term D loans outstanding under the Credit
   Agreement, in the case of "ABR Loans" (as such term is defined in the
   Credit Agreement), from 100 basis points to 75 basis points, and in
   the case of "Eurodollar Loans" (as such term is defined in the Credit
   Agreement), from 200 basis points to 175 basis points, (2) an
   amendment to change the date, from November 15, 2006 to February 26,
   2008, prior to which the Borrowers must pay a prepayment fee in
   connection with any prepayment under the Credit Agreement, and (3) an
   amendment that requires payment by the Borrowers of a prepayment fee
   to each "Non-Consenting Lender" (as such term is defined in the Credit
   Agreement) in connection with any amendment prior to February 26, 2008
   to lower the applicable margin on the term D loans outstanding under
   the Credit Agreement.

   The description set forth above does not purport to be complete and is
   qualified in its entirety by the Amendment No. 5 filed herewith as
   Exhibit 10.1, and is incorporated into this report by reference.

   ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

   (d)  EXHIBITS.

   Exhibit No.    Description
   -----------    -----------
   10.1           Amendment No. 5 to the Second Amended and Restated
                  Credit Agreement dated as of February 23, 2005, as
                  amended as of April 22, 2005, June 3, 2005, November
                  25, 2005 and July 28, 2006, among the Company,
                  Consolidated Communications, Inc. and Consolidated
                  Communications Acquisition Texas, Inc., as borrowers,
                  the lenders referred to therein, Citicorp North
                  America, Inc., as administrative agent, Cobank, ACB, as
                  documentation agent, Credit Suisse First Boston
                  ("CSFB") and Deutsche Bank Securities Inc., as co-
                  syndication agents, and CSFB and Citigroup Global
                  Markets Inc., as joint lead arrangers and joint book-
                  runners.







                                 SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of
   1934, the registrant has duly caused this report to be signed on its
   behalf by the undersigned hereunto duly authorized.



   Date: March 2, 2007
                            Consolidated Communications Holdings, Inc.



                            By:  /s/ Steven L. Childers
                               ---------------------------------
                               Name: Steven L. Childers
                               Title: Chief Financial Officer







                                EXHIBIT INDEX


   Exhibit No.    Description
   -----------    -----------
   10.1           Amendment No. 5 to the Second Amended and Restated
                  Credit Agreement dated as of February 23, 2005, as
                  amended as of April 22, 2005, June 3, 2005, November
                  25, 2005 and July 28, 2006, among the Company,
                  Consolidated Communications, Inc. and Consolidated
                  Communications Acquisition Texas, Inc., as borrowers,
                  the lenders referred to therein, Citicorp North
                  America, Inc., as administrative agent, Cobank, ACB, as
                  documentation agent, Credit Suisse First Boston
                  ("CSFB") and Deutsche Bank Securities Inc., as co-
                  syndication agents, and CSFB and Citigroup Global
                  Markets Inc., as joint lead arrangers and joint book-
                  runners.

EX-10

                                                             EXHIBIT 10.1

        AMENDMENT NO. 5, dated as of February 26, 2007 (this
   "Amendment"), to the Second Amended and Restated Credit Agreement
   dated as of February 23, 2005, as amended as of April 22, 2005, as
   further amended as of June 3, 2005, as further amended on November 25,
   2005 and as further amended on July 28, 2006 (as amended,
   supplemented, amended and restated or otherwise modified from time to
   time, the "Credit Agreement"), among CONSOLIDATED COMMUNICATIONS
   HOLDINGS, INC. ("Holdings"), CONSOLIDATED COMMUNICATIONS, INC., an
   Illinois corporation (the "CCI Borrower"), CONSOLIDATED COMMUNICATIONS
   ACQUISITION TEXAS, INC., a Delaware corporation (the "TXU Borrower"
   and together with the CCI Borrower, the "Borrowers"), the Lenders from
   time to time party thereto (the "Lenders"), CITICORP NORTH AMERICA,
   INC., as administrative agent (in such capacity, the "Administrative
   Agent") for the Lenders, COBANK, ACB, as documentation agent (in such
   capacity, the "Documentation Agent"), CREDIT SUISSE FIRST BOSTON,
   acting through its Cayman Islands Branch ("CSFB"), and DEUTSCHE BANK
   SECURITIES INC., as co-syndication agents (in such capacity, the "Co-
   Syndication Agents"), and CSFB and CITIGROUP GLOBAL MARKETS INC.
   ("CGMI"), as joint lead arrangers and joint bookrunners (in such
   capacity, the "Joint Lead Arrangers").  Capitalized terms used and not
   otherwise defined herein shall have the meanings assigned to them in
   the Credit Agreement (as amended hereby).

        WHEREAS, the Borrowers desire to amend the definitions of
   "Applicable Rate" contained in the Credit Agreement;

        WHEREAS, the Borrowers desire to lower the Applicable Rate on the
   Term D Loans;

        WHEREAS, Section 9.08(b) of the Credit Agreement provides that
   the Borrowers may, with the consent of the Requisite Lenders (and, in
   the case of the lowering of the Applicable Rate on the Term D Loans,
   each Term D Lender), amend the Credit Agreement;

        NOW, THEREFORE, in consideration of the premises contained herein
   and for other good and valuable consideration, the receipt and
   sufficiency of which are hereby acknowledged, the parties hereto,
   intending to be legally bound hereby, agree as follows:

        Section 1.     AMENDMENTS.  The Credit Agreement is hereby
   amended effective as of the date hereof as follows:

        (a)  Section 1.01 of the Credit Agreement is hereby amended by
   adding the following:

        "Amendment Number 5 Effectiveness Date" means the date upon which
   Section 2 of Amendment No. 5 is satisfied, which date is February 26,
   2007.

        (b)  Section 1.01 of the Credit Agreement is hereby amended by
   deleting the definition of "Applicable Rate" in its entirety and
   replacing it with the following:







                                     -2-

        "Applicable Rate" means, for any day, (i) with respect to Term D
   Loans, (A) in the case of ABR Loans, 0.75% per annum, and (B) in the
   case of Eurodollar Loans, 1.75% per annum, and (ii) with respect to
   Revolving Loans, the applicable rate per annum set forth in the table
   below (x) under the caption "ABR Loans Spread," in the case of ABR
   Loans, and (y) under the caption "Eurodollar Loans Spread," in the
   case of Eurodollar Loans, in each case based upon the Total Net
   Leverage Ratio as of the most recent determination date:


                      Total Net        ABR     Eurodollar
                       Leverage       Loans      Loans
                        Ratio         Spread     Spread
                      ---------       ------   ----------

                   >4.75 to 1.0       1.50%      2.50%

                   <4.75 to 1.0       1.25%      2.25%
                   -
                   >4.0 to 1.0

                   <4.0 to 1.0         1.0%       2.0%
                   -
                   >3.50 to 1.0
                   -
                   <3.50 to 1.0       0.75%      1.75%



        For purposes of such calculation of the Applicable Rate with
   respect to Revolving Loans on and after the Trigger Date, (i) the
   Total Net Leverage Ratio shall be determined as of the end of each
   Fiscal Quarter of Holdings' Fiscal Year based upon the consolidated
   financial statements delivered pursuant to Section 5.01(a) or (b) and
   (ii) each change in the Applicable Rate resulting from a change in the
   Total Net Leverage Ratio shall be effective three (3) Business Days
   after the date on which the Administrative Agent shall have received
   the applicable financial statements and a Compliance Certificate
   calculating the Total Net Leverage Ratio.  If at any time the
   Borrowers have not submitted to the Administrative Agent the
   applicable information as and when required under Section 5.01(a) or
   (b), the Applicable Rate shall be the highest rate set forth in the
   table above until such time as the Borrowers have provided the
   information required under Section 5.01(a) or (b).  Within one (1)
   Business Day of receipt of the applicable information as and when
   required under Section 5.01(a) or (b), the Administrative Agent shall
   give each Lender telefacsimile or telephonic notice (confirmed in
   writing) of the Applicable Rate in effect from such date."

        (c)  Section 2.05 of the Credit Agreement is hereby amended by
   deleting the reference to "November 15, 2006" and replacing it with
   "February 26, 2008."







                                     -3-

        (d)  Section 2.20 of the Credit Agreement is hereby amended by
   adding the following immediately prior to the period in the last
   sentence of that Section:

        "provided that in connection with any amendment to lower the
        Applicable Rate on the Term D Loans following the Amendment
        Number 5 Effectiveness Date and prior to February 26, 2008, each
        Non-Consenting Lender removed pursuant to this Section 2.20,
        shall be paid a prepayment fee equal to 1.0% of the aggregate
        amount of its Term D Loans assigned pursuant to this Section
        2.20".

        Section 2.     EFFECTIVENESS.  This Amendment will become
   effective upon receipt by the Administrative Agent of executed
   signature pages hereto from the Requisite Lenders under and as defined
   in the Credit Agreement, each Term D Lender and each of the other
   parties listed on the signature pages hereto.

        Section 3.     COUNTERPARTS.  This Amendment may be executed in
   any number of counterparts and by different parties hereto on separate
   counterparts, each of which when so executed and delivered shall be
   deemed to be an original, but all of which when taken together shall
   constitute a single instrument.  Delivery of an executed counterpart
   of a signature page of this Amendment by facsimile transmission shall
   be effective as delivery of a manually executed counterpart hereof.

        Section 4.     APPLICABLE LAW.  THIS AMENDMENT SHALL BE GOVERNED
   BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE
   OF NEW YORK.

        Section 5.     HEADINGS.  The headings of this Amendment are for
   purposes of reference only and shall not limit or otherwise affect the
   meaning hereof.

        Section 6.     EFFECT OF AMENDMENT.  Except as expressly set
   forth herein, this Amendment shall not by implication or otherwise
   limit, impair, constitute a waiver of or otherwise affect the rights
   and remedies of the Lenders or the Agents under the Credit Agreement
   or any other Loan Document, and shall not alter, modify, amend or in
   any way affect any of the terms, conditions, obligations, covenants or
   agreements contained in the Credit Agreement or any other provision of
   the Credit Agreement or any other Loan Document, all of which are
   ratified and affirmed in all respects and shall continue in full force
   and effect.

                   [REMAINDER OF PAGE INTENTIONALLY BLANK]







        IN WITNESS WHEREOF, the parties hereto have caused this Amendment
   to be duly executed by their respective authorized officers as of the
   day and year first above written.

                                      CONSOLIDATED COMMUNICATIONS
                                        ACQUISITION TEXAS, INC.,
                                        as Co-Borrower



                                      By:   /s/ Steven L. Childers
                                           ------------------------------
                                           Name: Steven L. Childers
                                           Title: CFO



                                      CONSOLIDATED COMMUNICATIONS, INC.,
                                        as Co-Borrower



                                      By:   /s/ Steven L. Childers
                                           ------------------------------
                                           Name: Steven L. Childers
                                           Title: CFO



                                      CONSOLIDATED COMMUNICATIONS
                                        HOLDINGS, INC.



                                      By:   /s/ Steven L. Childers
                                           ------------------------------
                                           Name: Steven L. Childers
                                           Title: CFO



                                      CITICORP NORTH AMERICA, INC.,
                                        as Administrative Agent



                                      By:   /s/ Caesar W. Wyszomirski
                                           ------------------------------
                                           Name: Caesar W. Wyszomirski
                                           Title: V.P.