SEC won’t take action on Dobson loan inquiry

OKLAHOMA CITY-Dobson Communications Corp. said the Securities and Exchange Commission notified the company that an informal inquiry concerning the timing of Dobson’s disclosure in 2001 that a controlling interest in the company was pledged to secure a loan to Dobson’s largest shareholder Dobson CC L.P. has concluded. The SEC said it did not plan to take any further action or seek any relief from Dobson or DCCLP regarding the inquiry. Dobson noted the loan was restructured in May 2003, eliminating any change of control risk at Dobson related to a possible default by DCCLP.