$25 million Second Lien Term Loan
Alaska Communications is a leading provider of integrated communications services including broadband, voice and information technology for business and consumer customers in Alaska. The Company operates a State-wide advanced fiber optic network including the most diverse undersea cable system connecting Alaska to the contiguous U.S.
Having completed the sale of its wireless division earlier in 2015, Company management turned their attention to refinancing existing debt.
SLR Credit Solutions agented a $25.0MM second lien term loan. Combined with a new $75.0MM senior credit facility, the Company achieved a critical objective of securing long term financing with no maturing debt until 2018 in addition to providing incremental liquidity for general corporate purposes.
“SLR Credit Solutions was able to work quickly and collaboratively with a senior lender syndicate to facilitate this refinancing. They were quick to understand the important drivers of our business and the fundamentals of our geographic and industry positioning. We look forward to a long term partnership.”
—-Wayne Graham, Chief Financial Officer