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MSV, SkyTerra Financing Agreement Closed

By | January 8, 2008

      [Satellite Today – 1-8-08] Mobile Satellite Ventures (MSV) and SkyTerra Communications Inc. have closed their agreement to sell $150 million worth of notes and warrants to Harbinger Capital Partners Master Fund 1 Ltd. and Harbinger Capital Partners Special Situations Fund LP, MSV announced Jan. 7.
          The sale of MSV’s senior unsecured notes due 2013 and warrants will be used to purchase 7.5 percent of SkyTerra’s Common Stock, MSV announced Dec. 17
          MSV and SkyTerra will use the proceeds from the deal for working capital and general corporate purposes.

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