Oklahoma City, Okla.-based Dobson Communications is seeking to raise $250 million in the loan market, said Bruce Knooihuizen, executive v.p. and cfo. Dobson is in discussions with several banks about the credit facility, including Bank of America, which was the sole lead arranger and book runner on Dobson's $900 million senior credit facility and on its $300 million senior notes offering last year. Knooihuizen added that Dobson may also look to the capital markets to replace the bank facility after it is secured, but has not yet determined a specific time. The fresh capital will pay for the PCS licenses it purchased at last year's Federal Communications Commission wireless spectrum auction.
Dobson Communications May Tap B of A for $250 Mln