DigitalGlobe Seeks $600M Credit Facility

Colter, Allison Bisbey
September 2011
High Yield Report;9/26/2011, p5
The article discusses the search for a 600 million dollar secured credit facility by DigitalGlobe consisting of a 500 million dollar term loan and a 100 million dollar revolver. The facility will be used to repay the outstanding 10.5% senior secured notes due 2014 amounting to 355 million dollars and for general corporate objectives. DigitalGlobe made a tender offer with Morgan Stanley and J.P. Morgan as the dealer managers, to bondholders for the repurchase of high yield bonds.


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