SS/L Secures $100 Million In Credit

By | October 22, 2008 | ST Briefs, Telecom

[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."

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