Alaska Communications, an Anchorage, Alaska-based provider of mission-critical and life-critical communications infrastructure in Alaska, established a new five-year $390m senior secured credit facility.
The funds will be used to repay existing debt and to further invest in expanding its fiber infrastructure across the state.
Led by CEO Matt McConnell, Alaska Communications, an affiliate of ATN International, Inc. (NASDAQ: ATNI), operates a statewide fiber network and a highly diverse undersea fiber optic system that connects Alaska to the contiguous U.S. It is developing a network that spans 9,100 miles of fiber, connecting business and wholesale customers throughout the state.
The company has plans to further extend its critical infrastructure to enhance connectivity in Alaska.
FinSMEs
30/08/2024