trending Market Intelligence /marketintelligence/en/news-insights/trending/SVOf1cGp5pbPDIy6c0c_sA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

ORBCOMM commences $250M debt offering

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021

Blog

Ten years of NewSQL: Back to the future of distributed relational databases


ORBCOMM commences $250M debt offering

ORBCOMM Inc. started a $250 million offering of senior secured notes due 2024.

The notes will be fully and unconditionally guaranteed by certain of ORBCOMM's domestic subsidiaries, the company said March 30.

The company plans to use the net proceeds to repay the $150 million outstanding loans under its $160 million secured credit facilities. Any remaining proceeds will be used for general corporate purposes, including potential future acquisitions.