0
General

Iridium prices USD 360 mln offering

Monday 19 March 2018 | 09:13 CET | News
Iridium Communications has priced its private offering of USD 360 million worth of senior notes due 2023. These will bear interest of 10.250 percent per year and will mature on 15 April 2023. The offering is expected to close on or around 21 March. The company will use the net proceeds to pay USD 59.9 million of deferred payment obligations related to its deal with Thales Alenia Space France (Thales). Another USD 44.4 million will go for milestone payments to Thales while USD 87.0 million will service debt under the company's existing USD 1.8 billion credit facility. Any remaining proceeds

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Iridium / Thales / Thales Alenia Space
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Iridium announces target launch date for Iridium-6/Grace-FO mission

Published 09 Apr 2018 17:11 CET | World
Iridium said its sixth Iridium Next launch overall is targeted for launch by SpaceX from Vandenberg Air Force Base (VAFB) in ...

Iridium, Speedcast partner to deliver satellite broadband products

Published 28 Mar 2018 11:09 CET | World
Iridium Communications announced that Speedcast entered into an agreement to become a land-mobile service provider for its ...

Iridium starts USD 360 mln offering

Published 09 Mar 2018 14:51 CET | World
Iridium Communications said it has started a private offering of USD 360 million worth of senior notes due 2023. The company will ...





Calendar   /   Industry Events

20 Apr Grameenphone Q1 2021
20 Apr Netflix Q1 2021
20 Apr Atos Q1 2021
20 Apr Iridium Communications Q1 2021
20 Apr Apple 'Spring Loaded' event
21 Apr Elisa Q1 2021
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr Comcast Q1 2021
21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Orange Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr Intel Q1 2021
22 Apr Snap Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
::: More Calendar Items