ORBCOMM US$250m 8.0% senior secured notes due 2024
Repay US$150m outstanding under the existing US$160m secured credit facilities; general corporate purposes
Key terms
- Borrower or issuer
- ORBCOMM
- Date
- 31 Mar 2017
- Type
- Bond
- Amount
- US$250m
- Pricing
- 8.0%
- Maturity
- 2024
Recorded terms
- Structure
- Rule 144A / Reg S senior secured notes guaranteed by domestic subsidiaries
- Country
- United States
Parties
- ORBCOMM borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 19 Jun 2017 | Intelsat US$1,500m 7.25% senior notes due 2025 | Bond | US$1.5bn |
| 23 Nov 2016 | SES €550m hybrid bonds (2016) | Bond | €550m |
| 17 Nov 2016 | Telesat US$500m 8.875% senior notes due 2024 | Bond | US$500m |
| 7 Sep 2017 | Viasat US$700m 5.625% senior notes due 2025 | Bond | US$700m |
| 27 Jul 2016 | Hughes Satellite Systems US$1,500m senior notes (2 tranches) | Bond | US$1.5bn |
M&A and investment involving ORBCOMM
| Date | Deal | Type | Value |
|---|---|---|---|
| 1 Sep 2021 | GI Partners acquisition of ORBCOMM | M&A | US$1.1bn |
Sources
- ORBCOMM: pricing of US$250m senior secured notes due 2024 (Form 8-K exhibit) sec.gov · 31 Mar 2017
About this record
Record ORB-2017-0003, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
