ORBCOMM, Inc. (NasdaqGM:ORBC) announced a private placement of 9.50% senior secured notes due 2018 with AIG Asset Management (U.S.), LLC for gross proceeds of $45,000,000 on January 4, 2013. The notes will mature on January 4, 2018, carries an interest rate of 9.50% per annum, payable on a quarterly basis and the entire principal is due on the maturity date. The company may prepay the notes at any time prior to the maturity date.
1st Jan change | Capi. | |
---|---|---|
+14.49% | 215B | |
+14.18% | 135B | |
+70.11% | 106B | |
+2.07% | 59.15B | |
+48.16% | 28.81B | |
+3.03% | 23.93B | |
+3.23% | 18.15B | |
+5.83% | 15.47B | |
-13.11% | 10.34B |