Loan & DebtJun 15, 2026, 05:26 PM
Boston Omaha Subsidiary Secures $23M USDA Grant & Loan
AI Summary
Boston Omaha Corp's wholly-owned subsidiary, FIF Utah, LLC, received final funding approval from the USDA for a grant and loan totaling $22,969,412. This funding, comprising an $11,484,706 grant and an $11,484,706 loan, will be used to deploy fiber to approximately 3,000 locations. The loan is a 20-year term loan with a three-year deferral on interest and principal payments, and Boston Omaha Corporation has unconditionally guaranteed the sums due.
Key Highlights
- FIF Utah, a wholly-owned subsidiary of Boston Omaha Broadband, LLC, received final funding approval from the USDA.
- Secured a grant of $11,484,706 under the Rural Utilities Service ReConnect Program.
- Received a loan of $11,484,706 under the Rural Utilities Service ReConnect Program.
- Total funding amounts to $22,969,412 for fiber deployment.
- Funds will be used to deploy fiber to approximately 3,000 locations.
- The loan is a 20-year term with interest and principal payments deferred for three years.
- Boston Omaha Corporation, the ultimate parent, has unconditionally guaranteed the loan.
Price Impact
More from BOC