Alaska Communications (ATNI subsidiary) secures $390M credit facility to refinance debt and expand fiber

ATN International, Inc.

$390M senior secured facility: $300M term loan + $90M revolver; five-year maturity to August 29, 2029.
Proceeds used to refinance ~$279M existing debt, pay fees, and for general corporate purposes including fiber expansion.
Interest rates range from 4.50% to 3.00% over SOFR based on leverage; max net leverage covenant 4.75:1.
Alaska Communications operates 9,100 miles of fiber; plans to extend critical infrastructure across the state.
ATN International is not a guarantor; lenders have no recourse against the parent company.

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