[Satellite Today – 3-28-08] ICO North America Inc. has entered into an agreement with Jefferies Finance LLC for a $40 million working capital facility, ICO Global Communications (Holdings) Ltd. announced March 27.
ICO will use the proceeds for working capital and for general corporate purposes.
"ICO is entering an exciting period as we prepare to launch our North American satellite on April 14th and to begin market trials for our nationwide mobile interactive media service later this summer," Tim Bryan, CEO for ICO, said in a statement.
ICO Secures $40 Million In Credit
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