[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."
SS/L Secures $100 Million In Credit
Hungary’s 4iG Group to Launch Starlink Mobile
Hungarian tech, telecommunications, and defense company 4iG Group will launch SpaceX’s Starlink Mobile in certain European markets. The companies’ Sept. 2 announcement involved three initiatives — the current Starlink Mobile […]
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