GCI Holdings gets $30 million add-on term loan at Libor plus 250 bps

By Sara Rosenberg

New York, Aug. 1 - GCI Holdings Inc. closed on a $30 million add-on term loan that is priced at Libor plus 250 basis points, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Credit Agricole Corporate and Investment Bank is the administrative agent on the deal that was completed on July 31.

Proceeds will be used to pay down revolver borrowings.

GCI is an Anchorage-based provider of voice, data and video services.

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