NEW YORK (S&P Global Ratings) Oct. 30, 2026--S&P Global Ratings today assigned its'BB'issue-level rating and'2'recovery rating to Alaska-based diversified telecommunications provider GCI LLC's $270 million term loan A-3 due 2031. The'2'recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 80%) recovery in the event of a payment default. On Oct. 28, 2026, the company used the proceeds from the new term loan, along with revolver borrowings (net of fees), to redeem its remaining $451 million of outstanding 4.75% unsecured notes due 2028. This transaction follows GCI's upsizing of its revolving credit facility due 2030 to $480 million from $450 million on Oct. 16, 2026. At the same time, we lowered our issue-level rating
