Globalstar closes offerings with USD 114.8 mln in net proceeds

Thursday 12 October 2017 | 15:12 CET | News
Globalstar has raised USD 114.8 million in net proceeds from its offering of almost 73.4 million shares, which has now closed. The company said it will deposit 80 percent of the net proceeds for the benefit of lenders under the Facility Agreement. The rest of the money will be used for general corporate purposes.

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Categories: General
Companies: Globalstar
Countries: World
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