Fairpoint to pay 13.5% interest. From my phone bill.

Union Leader article says Fairpoint deal is going thru even though Wall St is demanding 13.5% interest on the $500 million loan Fairpoint is taking out to pay Verizon for the northern New England telephone system.
Wow. That's gonna hurt us bad. If the loan is only $500 mil, then Fairpoint will pay $67 million in pure interest per year. Guess where they are going to get that money? Where else but out of my telephone bill? What ever happened to usury laws?
It may be worse. The Union Leader article said the whole deal is $2.3 billion, of which Fairpoint only borrows $0.5 billion. Where the other $1.8 billion was coming from was not disclosed. I doubt that Fairpoint has that much cash on hand, so they are borrowing it from somewhere. Where and for how much is not disclosed either.