Globalstar Inc.

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1.29
+0.02 (+1.18%)
Debt Financing / Related

Globalstar - On June 4, Received Advance Payment Of $37.5 Million From Customer Pursuant To Agreement Related To Terms Agreement

Published: 06/09/2021 12:52 GMT
Globalstar Inc. (GSAT) - Globalstar - on June 4, Received Advance Payment of $37.5 Million From Customer Pursuant to Agreement Related to Terms Agreement.
Globalstar Inc - Any Portion of Advance Payment Not Repaid in Services Will Be Repaid in Cash Over Time.
Globalstar - Will Use Proceeds From Advance Payment to Repay Portion of Amount Outstanding Under First Lien Credit Facility.