Thursday, September 23, 2010

GeoEye Completes Previously Announced Private Placement of 80,000 Shares of Preferred Stock to Cerberus Satellite LLC

GeoEye, Inc. (NASDAQ: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that it completed the previously announced private placement of 80,000 shares of the Company's Series A Convertible Preferred Stock to Cerberus Satellite LLC, an affiliate of Cerberus Capital Management, L.P. (together with its affiliates, funds and managed accounts, "Cerberus"). Gross proceeds to the Company from the private placement were $78 million, which will be used for the development and launch of GeoEye-2, the Company's next-generation commercial Earth-imaging satellite...

View the press release

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