Allband Talking With RUS on Loan Restructuring
Allband Communications Cooperative is talking with the Rural Utility Service on options to restructure a loan that "may contribute toward resolution of financial issues faced by Allband and to a resolution with the FCC," said (in Pacer) a status report…
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Tuesday for Allband v. FCC, No. 16-4059 before the 6th U.S. Circuit Court of Appeals. Dec. 9 Allband filed a formal loan modification request with the RUS, which is pending, the company said. In 2017, Allband asked the FCC for heftier USF support partly to help repay its RUS loan (see 1707280028).