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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2023
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

15. SUBSEQUENT EVENTS

In October 2023, the Company entered a two-year, forward starting 1-month floating fixed SOFR interest rate swap agreement.  The swap becomes effective on November 13, 2023 in a notional amount of  $50.0 million, has a fixed SOFR rate of 4.896% and matures on November 13, 2025.

In November 2023, Alaska Communications entered two forward starting 1-month floating to fixed SOFR interest rate swap agreements. The total notional amount of the agreements is $200.0 million, with fixed SOFR rates of 4.8695% and 4.8980% and both agreements mature on November 7, 2025.