Dobson would draw on existing loan to fund RFB assets acquisition

By Sara Rosenberg

New York, Sept. 24 - Dobson Communications Corp. plans to use borrowings under its credit facility to fund the proposed purchase of the Michigan wireless assets of RFB Cellular Inc. and some affiliates for $26 million, according to a company news release.

The purchase, which is subject to bankruptcy court approval and higher offers for the assets, is anticipated to close by year-end.

Dobson Communications is an Oklahoma City-based provider of wireless phone services to rural markets.

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