GeoEye, Inc. (Nasdaq: GEOY) announced today the closing of its private placement offering (the “Notes
Offering”) of $400 million in aggregate principal amount of 9.625 percent Senior Secured Notes due 2015 (the “Notes”). The Notes were sold at a price equal to 97.262 percent of their face value, with an effective yield of 10.25 percent. The Notes were offered in a private placement to qualified institutional buyers pursuant to Rule 144A and outside the United States in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). Go GeoEye! Read the full press release here. The company first announced this news last week in our exclusive podcast with GeoEye CEO Matt O’Connell.
View the press release
GeoEye, Inc. is an international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's high resolution imagery experts, delivering exceptional quality imagery products and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has 534 employees, as of June 30, 2009, dedicated to developing best-in-class geospatial, communications and information products, systems and services. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation (http://www.geoeyefoundation.org). GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye is available at www.geoeye.com.