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Exhibit 10.158

FIFTH AMENDMENT TO THE
 
AMENDED AND RESTATED CREDIT AGREEMENT
 
 
 
THIS FIFTH AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of October 17, 2008, is made by and among GCI HOLDINGS,
INC., an Alaska corporation, GCI COMMUNICATION CORP., an Alaska corporation, GCI
CABLE, INC., an Alaska corporation, GCI FIBER COMMUNICATION CO., INC., an Alaska
corporation, POTTER VIEW DEVELOPMENT CO., INC., an Alaska corporation, ALASKA
UNITED FIBER SYSTEM PARTNERSHIP, an Alaska partnership, ALASKA WIRELESS
COMMUNICATIONS, LLC, an Alaska limited liability company, ALASKA DIGITEL, LLC,
an Alaska limited liability company and FIRE LAKE PARTNERS, LLC, an Alaska
limited liability company (each individually, a “Borrower” and, collectively,
the “Borrowers”), GCI, INC., an Alaska corporation (“Guarantor”), the banks,
financial institutions, and other lenders party hereto (the “Lenders”), and
CALYON NEW YORK BRANCH, as administrative agent (the “Administrative Agent” and,
in its capacity hereunder as arranger, the “Arranger”).  All capitalized terms
used herein and not otherwise expressly defined herein shall have the respective
meanings given to such terms in the Credit Agreement (as defined below).
 
WHEREAS, the Borrowers, Administrative Agent, Initial Lenders and the other
parties thereto entered into that certain Amended and Restated Credit Agreement,
dated as of August 31, 2005 (as amended, supplemented or modified from time to
time, the “Credit Agreement”);
 
WHEREAS, the Borrowers have requested that the Lenders and the Administrative
Agent agree to an amendment to Section 7.5(e) of the Credit Agreement increasing
the aggregate amount of Capital Expenditures permitted during the fiscal year
ending December 31, 2008, from $225,000,000 to $240,000,000; and
 
WHEREAS, the Lenders and Administrative Agent are willing to agree to such
amendment more fully set forth herein, subject to the terms and conditions set
forth herein.
 
NOW, THEREFORE, in consideration of the foregoing premises, and other good and
valuable consideration, the receipt, sufficiency and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:
 
1. Amendment to the Credit Agreement.  Section 7.5(e) of the Credit Agreement is
hereby amended by deleting the Maximum Capital Expenditure Amount for the fiscal
year ended December 31, 2008, of $225,000,000, and, in lieu thereof, inserting a
Maximum Capital Expenditure Amount for the fiscal year ended December 31, 2008,
of $240,000,000.
 
2. Effectiveness.  This Amendment shall become effective upon receipt by the
Administrative Agent of originally executed counterparts hereof by each of the
Borrowers, Guarantor and Majority Lenders.
 
3. Acknowledgement and Consent.  Guarantor hereby consents to the terms of this
Agreement and further hereby confirms and agrees that, notwithstanding the
effectiveness of this Agreement, the obligations of Guarantor under each of the
Loan Documents to which Guarantor is a party shall not be impaired and each of
the Loan Documents to which Guarantor is a party is, and shall continue to be,
in full force and effect and is hereby confirmed and ratified in all respects.
 
4. Representations and Warranties.  To induce the Administrative Agent and the
Lenders to enter into this Amendment, each of the Borrowers and their
Subsidiaries that are Loan Parties does hereby represent and warrant that as of
the date hereof:
 
(a) there exists no Default or Event of Default under the Credit Agreement or
any of the other Loan Documents;
 
(b) each Borrower has the power and authority and has taken all the necessary
action to authorize the execution, delivery and performance of this Amendment;
 
(c) this Amendment has been duly executed and delivered by the duly authorized
officers of the Borrowers, and this Amendment and the Credit Agreement, as
amended hereby, are the legal, valid and binding obligation of each Borrower
enforceable against each Borrower in accordance with their terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws affecting creditors’ rights generally and
by general principles of equity; and
 
(d) the execution, delivery and performance of this Amendment in accordance with
the terms herein do not and will not, with the passage of time, the giving of
notice or otherwise: (i) require any consent, approval, authorization, permit or
license, governmental or otherwise which has not already been obtained or is not
in full force and effect or violate any applicable law relating to any Borrower;
(ii) conflict with, result in a breach of or constitute a default under (A) the
articles or certificate of incorporation or bylaws, operating agreement or the
partnership agreement, as the case may be, of any Borrower, (B) any indenture,
material agreement or other material instrument to which any Borrower is a party
or by which any of its properties may be bound, or (C) any material Licenses; or
(iii) result in or require the creation or imposition of any Lien upon or with
respect to any property now owned or hereafter acquired by the Borrowers other
than Permitted Liens.
 
5. General.   This Amendment:
 
(a) shall be deemed to be a Loan Document;
 
(b) embodies the entire understanding and agreement among the parties hereto and
thereto with respect to the subject matter hereof and thereof and supersedes all
prior agreements, understandings and inducements, whether express or implied,
oral or written; and
 
(c) may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which taken together shall constitute one and the
same agreement.  Delivery of an executed counterpart by electronic transmission
shall be equally effective as delivery of a manually executed counterpart to
this Amendment.
 
6. No Course of Dealing or Performance.  Each of the Borrowers acknowledges and
agrees that the execution, delivery and performance of this Amendment by the
Administrative Agent and each of the Lenders does not and shall not create (nor
shall Borrowers rely upon the existence of or claim or assert that there exists)
any obligation of any of the Lenders and the Administrative Agent to consider or
agree to any other amendment of or consent with respect to any of the Loan
Documents, or any other instrument or agreement to which the Administrative
Agent or any Lender is a party (collectively an “Amendment or Consent”), and in
the event that the Administrative Agent or any of the Lenders subsequently agree
to consider any requested Amendment or Consent, neither the existence of this
Amendment, nor any other conduct of the Administrative Agent or any of the
Lenders related hereto, shall be of any force or effect on the Administrative
Agent’s or any of the Lenders’ consideration or decision with respect to any
such requested Amendment or Consent, and the Administrative Agent and the
Lenders shall not have any obligation whatsoever to consider or agree to any
such Amendment or Consent.
 
7. Fees and Expenses.  The Borrowers and their Subsidiaries hereby acknowledge
and agree that all fees and expenses as described in Section 11.2 of the Credit
Agreement incurred by the Administrative Agent, including, without limitation,
those related to the preparation, arrangement, negotiation, documentation,
syndication, closing and administration of the transactions contemplated by this
Amendment, whether or not such transactions are consummated, shall be for the
account of the Borrowers.
 
8. Successors and Assigns.  This Amendment shall be binding upon and inure to
the benefit of the successors and permitted assigns of the parties hereto.
 
9. Governing Law.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED IN NEW YORK.
 
 
Signatures appear on the following pages.

 
 

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    IN WITNESS WHEREOF, the parties here to have caused this Amendment to be
executed by their respective duly authorized representatives as of the date
first written above.
 

           Borrowers:  
 
 
        GCI HOLDINGS, INC.       GCI COMMUNICATION CORP        GCI FIBER
COMMUNICATION CO., INC.        each an Alaska Corporation                By: /s/
Bruce Broquet        Name: Bruce L. Broquet        Title: Vice President,
Finance  

 

           GCI CABLE, INC.  
 
 
an Alaska Corporation       By: /s/ Robert W. Ormberg       Name: Robert
W. Ormberg        Title: Vice President, Content and Production Management      
   

 

           POTTER VIEW DEVELOPMENT CO., INC.  
 
 
an Alaska Corporation       By: /s/ David Morris       Name: David Morris      
Title: President          

 

           ALASKA UNITED FIBER SYSTEM PARTNERSHIP,  
 
 
an Alaska Partnership       By: GCI COMMUNICATION CORP.,        its general
partner       By: /s/ Bruce L. Broquet       Name: Bruce L. Broquet       Title:
Vice President, Finance          

 
Signature Page - Fifth Amendment
 

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          By: GCI HOLDINGS, INC.,  
 
 
its general partner       By: /s/ Bruce Broquet       Name: Bruce L. Broquet    
  Title: Vice President, Finance          

 

           ALASKA WIRELESS COMMUNICATIONS, LLC  
 
 
an Alaska Limited Liability Company      
By: GCI COMMUNICATION CORP.,
       its sole Member and Manager             By: /s/ Bruce Broquet       Name:
Bruce L. Broquet.       Title: Vice President, Finance          

 

           ALASKA DIGITEL, LLC  
 
 
an Alaska Limited Liability Company        By: /s/ Bruce Broquet       Name:
Bruce L. Broquet.       Title: Vice President, Finance          

 

           FIRE LAKE PARTNERS , LLC  
 
 
an Alaska Limited Liability Company      
By: GCI COMMUNICATION CORP.,
       its sole Member and Manager             By: /s/ Bruce Broquet       Name:
Bruce L. Broquet.       Title: Vice President, Finance    

 

         GCI, INC.  
 
 
an Alaska Corporation, as Guarantor         By: /s/ Bruce Broquet       Name:
Bruce L. Broquet.       Title: Vice President, Finance

 
Signature Page - Fifth Amendment
 

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         CALYON NEW YORK BRANCH,  
 
 
an Administrative Agent and Lender        By: /s/ W. Michael George       Name:
W. Michael George       Title: Managing Director

 

         By: /s/ Priya Vrat       Name: Priya Vrat       Title: Director

 
Signature Page - Fifth Amendment
 

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         UNION BANK OF CALIFORNIA N.A.,  
 
 
as Lender        By: /s/ David Hill       Name: David Hill       Title:
Assistant Vice President

 
Signature Page - Fifth Amendment
 

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         COBANK, ACB,  
 
 
as Lender        By: /s/ Tod Koeruer       Name: Tod Koeruer       Title:
Managing Director

 
Signature Page - Fifth Amendment
 
 

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         WELLS FARGO BANK, N.A.,  
 
 
as Lender        By: /s/ Logan Birch       Name: Logan Birch       Title:
Assistant Vice President

 
Signature Page - Fifth Amendment
 
 

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         GENERAL ELECTRIC CAPITAL  
 
 
as Lender        By: /s/ Jason Soto       Name: Jason Soto       Title:
Authorized Signatory

 
Signature Page - Fifth Amendment
 

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         CIT LENDING SERVICES CORPORATION  
 
 
as Lender        By: /s/ Anthony Holland       Name: Anthony Holland      
Title: Vice President

 
Signature Page - Fifth Amendment
 
 

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         CIT MIDDLE MARKET LOAN TRUST I  
 
 
as Lender        By: Cit Lending Services Corporation        as Authorized
Beneficial Owner        By: /s/ Roger M. Burns       Name: Roger M. Burns      
Title: President

 
Signature Page - Fifth Amendment
 
 

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         BNP PARIBAS  
 
 
as Lender        By: /s/ Ola Anderssen       Name: Ola Anderssen       Title:
Director

 

  By: /s/ Young Wu     Name: Young Wu       Title: Vice President

 
Signature Page - Fifth Amendment
 
 

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         U.S. BANK NATIONAL ASSOCIATION  
 
 
as Lender        By: /s/ John T. Pearson       Name: John T. Pearson      
Title: Vice President

 
Signature Page - Fifth Amendment
 
 

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         ROYAL BANK OF CANADA  
 
 
as Lender        By: /s/ Mutsafa Topiwalla       Name: Mutsafa Topiwalla      
Title: Authorized Signatory

 
Signature Page - Fifth Amendment
 
 

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         CIT BANK  
 
 
as Lender        By: /s/ Benjamin Haslam       Name: Benjamin Haslam      
Title: Authorized Signatory

 
Signature Page - Fifth Amendment
 

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         FRANKLIN  
 
 
as Lender        By: /s/ Tyler Chan       Name: Tyler Chan       Title: Vice
President

 
Signature Page - Fifth Amendment
 

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         LANDMARK II CDO LIMITED  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 
 

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         LANDMARK III CDO LIMITED  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 
 

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         LANDMARK IV CDO LIMITED  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 
 

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         LANDMARK V CDO LIMITED  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 

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         LANDMARK VIII CLO LTD  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 
 

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         LANDMARK IX CDO LTD  
 
 
By: Aladdin Capital Management, as Manager         By: /s/ James Bragg      
Name: James Bragg       Title: Director

 
Signature Page - Fifth Amendment
 

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         INVESCO    
 
 
AIM FLOATING RATE FUND, as Lender        By: /s/ Thomas Ewald       Name: Thomas
Ewald       Title: Authorized Signatory

 

         ALZETTE EUROPEAN CLO S.A.  
 
 
 as Lender        By: /s/ Thoms Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

       ATLAS LOAN FUNDING (NAVIGATOR), LLC,  
 
 
 as Lender        By: /s/ Heather M. Jousma       Name: Heather M. Jousma      
Title: Authorized Signatory

 

       AVALON CAPITAL LTD, 3  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     INVESCO  
 
 
BELHURST CLO, LTD, as Lender        By: /s/ Thomas Ewald       Name: Thomas
Ewald       Title: Authorized Signatory

 

     CELTS CLO 2007-1, LTD  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     CHAMPLAIN CLO Ltd  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

    CHARTER VIEW PORTFOLIO  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     INVESCO  
 
 
DIVERSIFIED CREDIT PORTFOLIO, Ltd, as Lender        By: /s/ Thomas Ewald      
Name: Thomas Ewald       Title: Authorized Signatory

 

    KATONAH V, Ltd  
 
 
as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

    LIMBEROCK CLO I  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     LOAN FUNDING IX, LLC  
 
 
as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     INVESCO  
 
 
MOSELLE CLO S.A., as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald
      Title: Authorized Signatory

 

    NAUTIQUE FUNDING Ltd  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     PERTRUSSE EUROPEAN CLO S.A.  
 
 
as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

    SAGAMORE CLO Ltd  
 
 
 as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory

 

     INVESCO  
 
 
SARATOGA CLO I LIMITED, as Lender        By: /s/ Thomas Ewald       Name: Thomas
Ewald       Title: Authorized Signatory

 

    WASATCH, CLO Ltd  
 
 
as Lender        By: /s/ Thomas Ewald       Name: Thomas Ewald       Title:
Authorized Signatory