The Kentucky Public Service Commission authorized a rural telco to...
The Kentucky Public Service Commission authorized a rural telco to borrow upwards of $15.6 million to pay debt it owes the Rural Utilities Service and the Rural Telephone Bank, in an order Friday (http://xrl.us/bnpryt). The company, Foothills Rural Telephone Cooperative,…
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has worked with its new lender, CoBank, to make the case that “the refinancing would result in a positive net present value cash flow of $802,336.07,” according to the commission. “The Commission has reviewed the proposed refinancing and finds Foothills’ proposal reasonable,” the PSC said.