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LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2024

LONG-TERM DEBT

Schedule of quarterly repayments

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​	​
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

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​	​	​	​	​
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):

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​

​

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​

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Customer

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US

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International

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Corporate and

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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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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