Quarterly report pursuant to Section 13 or 15(d)

Subsequent Event

v2.4.0.6
Subsequent Event
6 Months Ended
Jun. 30, 2012
Subsequent Event [Abstract]  
Subsequent Event [Text Block]

(9)       Subsequent Event

 

On July 31, 2012, GCI Holdings, Inc. (“Holdings”), our wholly owned subsidiary, entered into an Add-On Term Loan Supplement No. 3 (“Supplement No. 3”) to our Senior Credit Facility. The Supplement No. 3 provided for an additional $30.0 million term loan with an initial interest rate of LIBOR plus 2.5%, payable in accordance with the terms of our Senior Credit Facility. Holdings used the term loan proceeds to pay down revolving loans under our Senior Credit Facility, thus increasing availability under the revolving portion of our Senior Credit Facility.