Globalstar Announces Coface Backing for Proposed Financing (GlobeNewswire via Yahoo! Finance)

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 Globalstar Announces Coface Backing for Proposed Financing (GlobeNewswire via Yahoo! Finance)

Posted in General Industry News (RSS)

MILPITAS, Calif., March 25, 2009 -- Globalstar, Inc. , a leading provider of mobile satellite voice and data services to businesses, government and individuals, today announced that Coface has agreed to provide a guaranty in support of a proposed $574 million credit facility to be extended by a syndicate of banks to Globalstar as borrower.

"*"Globalstar Announces Coface Backing for Proposed Financing (GlobeNewswire via Yahoo! Finance)

Posted on Thursday, March 26, 2009 by Tom Clark