Global Eagle announces USD 61 mln of additional liquidity

Monday 22 July 2019 | 13:39 CET | News
Satellite connectivity provider Global Eagle Entertainment said it completed a USD 40 million upsizing of its Senior Secured Term Loan due 2023, as well as an amendment to its Term Loan to reduce scheduled principal repayments over the next six quarters by approximately USD 26 million. Net of fees and expenses, the amendment will result in approximately USD 61 million of incremental liquidity over the next 18 months.

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Categories: Broadcast & Satellite
Companies: Global Eagle Entertainment
Countries: World
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