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Iridum closes new USD 1.45 bln loan

Tuesday 5 November 2019 | 08:49 CET | News
Iridium Communications said it has closed a USD 1.45 billion, seven-year term loan which formally retires a previous credit facility from 2010. The money will go towards ensuring financial flexibility and let Iridium consider if it wants to buy back shares, distribute dividends or make strategic investments, all in the interest of shareholders. The financing is the "final step in our financial transformation," CEO Matt Desch said. 

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Categories: Broadcast & Satellite
Companies: Iridium
Countries: World
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