GeoEye Attempts to Raise $350 Million to Build GeoEye-2, Consolidate Debt
[Satellite TODAY 09-21-09] GeoEye is attempting to raise $350 million through a sale of senior secured notes due 2015, the company announced Sept. 18.
The imagery company said the proceeds of the offering will be used to purchase all of its outstanding $250 million in floating rate senior secured notes due 2012 and for general corporate purposes, which may include funding a portion of the costs of constructing the GeoEye-2 high-resolution satellite, scheduled to launch in 2012.
The notes will not be registered under the securities act of 1933 and will not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
GeoEye Wins $50 Million NGA Contract Extension Satellite Today September 11, 2009
[Satellite TODAY 09-11-09] GeoEye Inc. signed a contract worth $50 million to extend its service level agreement with the U.S. National Geospatial-Intelligence Agency (NGA) through Mar. 31, 2010.
Euroconsult: Data, Earth Observation Markets Will Exceed $1 Billion in 2009 Satellite Today September 4, 2009
[Satellite TODAY 09-04-09] Commercial data and satellite-based Earth observation sales will top $1 billion in 2009, with figures nearly quadrupling by 2018, according to a Euroconsult study released Sept. 3.
GeoEye Downplays Satellite Imagery Glitch in SEC Filing Satellite Today June 5, 2009
[Satellite Today 06-05-09] GeoEye projected that an issue with its GeoEye-1 satellite, which occurred in May causing portions of its imagery to lack color when collected in a particular operating mode, will not have serious impact on revenues.