[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
AT&T and AST SpaceMobile Demonstrate Handoff Between Cellular, D2D Networks
AT&T and AST SpaceMobile recently demonstrated a handoff between AT&T’s cellular network and AST SpaceMobile’s direct-to-device satellite network, calling it a first-of-its-kind demonstration. During the demonstration in late October, a […]
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Government/MilitaryViasat, SES, and Astranis Win NASA Ka-band Relay Contracts
