Reuters logo
BRIEF-Orbcomm to commence offering of $250 mln senior secured notes
March 30, 2017 / 1:27 PM / in 8 months

BRIEF-Orbcomm to commence offering of $250 mln senior secured notes

March 30 (Reuters) - Orbcomm Inc:

* Orbcomm to commence offering of $250,000,000 senior secured notes

* Orbcomm Inc - commenced an offering of $250 million aggregate principal amount of senior secured notes due 2024

* Orbcomm-Net proceeds from sale of notes are intended to be used to repay $150 million outstanding loans under Orbcomm’s $160 million secured credit facilities Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below