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LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2024
LONG-TERM DEBT |
Schedule of quarterly repayments | ​
​ | ​
2023 CoBank Term Loan Quarterly Payment Dates | 2023 CoBank Term Loan Quarterly Repayments
December 31, 2023 – June 30, 2025 | $812,500 (2.5% per annum)
September 30, 2025 – June 30, 2026 | $1,625,000 (5% per annum)
September 30, 2026 – June 30, 2029 | $2,437,500 (7.5% per annum)
Schedule of line of credit facilities interest rate | ​
​ | ​ | ​ | ​ | ​
Tier / Level | Alaska Communications Total Net Leverage Ratio | Applicable Margin for Term SOFR Loans and L/C Participation Fees | Applicable Margin for Base Rate Loans and Reimbursement Obligations | Applicable Margin for Commitment Fees
I | Greater than 4.00:1.00 | 4.50% | 3.50% | 0.40%
II | Less than or equal to 4.00:1.00 but greater than 3.25:1.00 | 4.00% | 3.00% | 0.35%
III | Less than or equal to 3.25:1.00 but greater than 2.50:1.00 | 3.50% | 2.50% | 0.30%
IV | Less than or equal to 2.50:1.00 | 3.00% | 2.00% | 0.25%
Schedule of future principal repayments annual maturities of the Company's debt instruments | The table below summarizes the annual maturities of the Company’s debt instruments (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Customer
​ | US | ​ | International | ​ | Corporate and | ​ | Total | Receivable
Amounts Maturing During | Telecom | ​ | Telecom | ​ | Other | ​ | Debt | Credit Facility
October 1, 2024 through December 31, 2024 | $ | 919 | ​ | $ | — | ​ | $ | 813 | ​ | $ | 1,732 | $ | 1,950
Year ending December 31, 2025 | ​ | 3,469 | ​ | ​ | — | ​ | ​ | 4,875 | ​ | ​ | 8,344 | ​ | 8,027
Year ending December 31, 2026 | ​ | 5,469 | ​ | ​ | 60,000 | ​ | ​ | 8,125 | ​ | ​ | 73,594 | ​ | 8,405
Year ending December 31, 2027 | ​ | 13,098 | ​ | ​ | — | ​ | ​ | 9,750 | ​ | ​ | 22,848 | ​ | 8,803
Year ending December 31, 2028 | ​ | 18,858 | ​ | ​ | — | ​ | ​ | 78,870 | ​ | ​ | 97,728 | ​ | 9,224
Thereafter | ​ | 283,942 | ​ | ​ | — | ​ | ​ | 93,437 | ​ | ​ | 377,379 | ​ | 10,198
Total | ​ | 325,755 | ​ | ​ | 60,000 | ​ | ​ | 195,870 | ​ | ​ | 581,625 | ​ | 46,607
Debt Discounts | ​ | (9,083) | ​ | ​ | (175) | ​ | ​ | (3,461) | ​ | ​ | (12,719) | ​ | (398)
Book Value as of September 30, 2024 | $ | 316,672 | ​ | $ | 59,825 | ​ | $ | 192,409 | ​ | $ | 568,906 | $ | 46,209
​

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