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Wednesday, April 23, 2025

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Loan Default

<span style="font-weight: 400;">In the U.S. District Court for Hawaii, Judge Michael Seabright <a href="http://www.courthousenews.com/wp-content/uploads/2019/07/FullText-30.pdf"><strong>ruled</strong></a> that Sandwich Isles Communications defaulted on more than $129 million in promissory notes owed to an agency of the U.S. Department of Agriculture.  </span>

HONOLULU – In the U.S. District Court for Hawaii, Judge Michael Seabright ruled that Sandwich Isles Communications defaulted on more than $129 million in promissory notes owed to an agency of the U.S. Department of Agriculture.

The Rural Utilities Service loaned millions to the company to finance the installation of a telecommunications network in the state.

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