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Stock impact report

Alaska Communications Strengthens its Liquidity and Financial Flexibility, While Reducing Borrowing Rates, With Refinancing of its Debt

Alaska Comm Systems Group, Inc (ALSK) 
Last alaska comm systems group, inc earnings: 11/5 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: alsk.com
Company Research Source: Business Wire
ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications (NASDAQ: ALSK) today announced it refinanced its credit agreements, thereby negotiating a reduction in its interest rates, extending the term, increasing capacity for shareholder friendly actions, resetting and widening key covenant thresholds and establishing incremental flexible capacity for success-based capital expenditures. Alaska Communications Systems Holdings, Inc., as Borrower, Alaska Communications Systems Group, Inc., as Parent (collectively “Alaska Communications”) and subsidiaries of Alaska Communications, as guarantors, and ING Capital LLC (“ING”), as sole book runner and joint-lead arranger, entered into a new senior credit facility with existing and additional lenders. A summary of the terms follows: Established a single Term Loan of $180 million with a reduced interest rate of LIBOR + 450 basis points (bps), replacin Show less Read more
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