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Published on 4/27/2006 in the Prospect News Bank Loan Daily.

Cricket Communications upsizes loan to Alaska Native to $290 million

By Sara Rosenberg

New York, April 27 - Cricket Communications Inc. amended a credit facility that it is lending to Alaska Native Broadband, increasing the loan size to $290 million, according to an 8-K filed with the Securities and Exchange Commission Thursday.

The facility is comprised of a fully drawn $64.2 million sub-facility to finance Alaska Native's purchase of wireless licenses in the FCC's Auction No. 58, and a $225.8 million sub-facility to finance Alaska Native's initial build-out costs and working capital requirements.

The amendment was completed on April 24.

Cricket Communications is the wholly owned operating subsidiary of Leap Wireless International Inc., a San Diego mobile wireless services company.


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