Alaska Communications, a provider of mission-critical and life-critical communications infrastructure in Alaska, announced a major financial advancement by establishing a new five-year $390 million senior secured credit facility. These funds will be used for repaying existing debt and to further invest in expanding the company’s fiber infrastructure across the state.
Alaska Communications is currently developing a network that spans 9,100 miles of fiber, connecting business and wholesale customers throughout the state. And the company has plans to further extend its critical infrastructure to enhance connectivity in Alaska.
Rothschild served as the financial advisor to Alaska Communications. Bank of America and Fifth Third Bank acted as Joint Bookrunners and Joint Lead Arrangers.
KEY QUOTES:
“This new financing represents a significant opportunity to enhance our fiber infrastructure in Alaska. We are dedicated to contributing to a stronger state economy for Alaskans now and for years to come by enhancing connectivity with increased fiber capacity. The potential to expand fiber-based connectivity is immense, and this new facility enhances our ability to meet the growing demands of our market.”
– Matt McConnell, CEO of Alaska Communications
