Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 54.41

+7.1%

Oct 31 9:30 AM EST

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From: Jeff Vayda	3/29/2023 11:28:47 AM
	of 29986

COVINGTON, La., March 29, 2023--( BUSINESS WIRE)--Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, today announced that it has entered into a purchase agreement with affiliate of Värde Partners and others providing for the sale of $200 million in aggregate principal amount of 13% Senior Notes due 2029. This transaction is expected to close on or around March 31, 2023. The notes are non-convertible and therefore do not result in equity dilution. Goldman Sachs & Co. LLC acted as exclusive placement agent to Globalstar in connection with the financing. https://finance.yahoo.com/news/globalstar-announces-200-million-non-122100579.html

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