SS/L Secures $100 Million In Credit
By Staff Writer | October 22, 2008
[Satellite News 10-22-08] Space Systems/Loral (SS/L) has entered into a three-year, fully secured $100 million revolving credit agreement led by J.P. Morgan Securities Inc. and syndicated among six of the world’s largest banks, SS/L announced Oct. 22.
"We are pleased to close this financing despite the current market challenges," said Michael Targoff, CEO of Loral. "This facility not only provides SS/L with additional resources to meet both its working capital and capital expenditure requirements but also provides cushion for contingencies."