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FeaturedMaxar raises less than expected with high yield bond sale
Satellite manufacturer Maxar Technologies has priced a high yield bond offering while reducing the size of the deal from its original target of $1.25 billion to $1 billion. Continue reading Maxar raises less than expected with high yield bond sale
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FeaturedAcquisition of Inmarsat delayed after activists pile in
Despite satellite operator Inmarsat’s earlier rejection of calls from activist shareholders to delay a pending $3.4 billion purchase of the company, the date of the final hearing has been pushed back to allow the court to “hear representations by interested parties.” Continue reading Acquisition of Inmarsat delayed after activists pile in
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Inmarsat investor Oaktree seeks to delay take-private deal
British satellite operator Inmarsat has rebuffed a request by investor Oaktree Capital Management to delay its acquisition by a consorium of private equity and pension fund investors. Continue reading Inmarsat investor Oaktree seeks to delay take-private deal
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Satellite Maker Maxar Launches Debt Offering
xar Technologies, which makes satellites and related equipment, has launched a private offering of senior secured notes totaling $1.25 billion to refinance existing debt. Continue reading Satellite Maker Maxar Launches Debt Offering
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FeaturedSES wins more than €2.5 billion of orders for €500 million bond
A €500 million eight-year bond offering from Luxembourg-based satellite company SES attracted strong demand from investors when it was priced on Oct. 28. Continue reading SES wins more than €2.5 billion of orders for €500 million bond
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FeaturedVirgin Galactic sidesteps IPO, goes public via merger
Richard Branson’s space travel company, Virgin Galactic, was listed on the New York Stock Exchange on 28 October after opting for a merger with a special purpose acquisition company (SPAC) rather than a traditional initial public offering (IPO). Continue reading Virgin Galactic sidesteps IPO, goes public via merger
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Price talk circulates for Maxar bond
The bookrunners on a $1.25 billion high yield bond for satellite manufacturer Maxar Technologies have communicated price talk to would-be investors and set a deadline for orders. Continue reading Price talk circulates for Maxar bond
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