Alaska Communications Closes New $100 Million Senior Credit Facility
September 15 2015 - 7:05AM
Business Wire
Alaska Communications (NASDAQ:ALSK) closed the refinancing of
its existing senior term loan on Sept. 14, 2015.
Alaska Communications entered into $100 million of senior
secured financing, including a $10 million revolving loan. Alaska
Communications used proceeds to pay off its outstanding $80 million
term loan, fund fees and expenses associated with the refinancing,
and for corporate purposes.
“We have taken full advantage of a suitable financing window in
the credit markets. The cost of the facility is similar to our
current facility, which was scheduled to mature next year. With
this financing, we now have no debt maturing sooner than 2018. We
are also pleased to be working with a group of lenders who can
support our business over the long term,” Alaska Communications CFO
Wayne Graham said.
CoBank and ING Capital LLC served as the lead arrangers on the
financing.
About Alaska Communications
Alaska Communications (NASDAQ:ALSK) is the leading provider
of advanced broadband and IT managed services for businesses and
consumers in Alaska. The company operates a highly reliable,
advanced statewide data network with the latest technology and the
most diverse undersea fiber optic system
connecting Alaska to the contiguous U.S. For more
information,
visit www.alaskacommunications.com or www.alsk.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150915005500/en/
Alaska CommunicationsMedia:Hannah Blankenship,
907-564-1326Hannah.Blankenship@acsalaska.comorInvestors:Tiffany
Dunn, 907-564-7556investors@acsalaska.com
Alaska Communications Sy... (NASDAQ:ALSK)
Historical Stock Chart
From Apr 2024 to May 2024
Alaska Communications Sy... (NASDAQ:ALSK)
Historical Stock Chart
From May 2023 to May 2024