FairPoint Communications pays down $10 million of loan borrowings

By Ashley Montgomery

Kansas City, Kan., Dec. 17 - FairPoint Communications, Inc. prepaid $10 million of debt under its term loan.

Following the payment, the company said it made a total of $43 million of prepayments in 2012. The remaining debt balance is $957 million.

FairPoint is a Charlotte, N.C.-based provider of broadband internet access, local and long-distance phone, television and other high-capacity data services.

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