Iridium Launches Private $360M Debt Offering

3/9/18

By Jason Aycock, SeekingAlpha

Iridium Communications (NASDAQ:IRDM) is launching a private offering of $360M in debt.

The company is offering that amount in senior notes due 2023. Proceeds will go to debt service reserve and payment obligations under the company's connection with Thales Alenia Space France.

Any remainder will go to general purposes.

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