COVINGTON, La., Oct. 11, 2017 (GLOBE NEWSWIRE) — Globalstar, Inc. (“Globalstar”) (NYSE American:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments and consumers, today announced that it has completed the sale of its previously announced public Offering of 73,365,231 shares of Voting Common stock. The aggregate net proceeds to Globalstar from the offering are approximately $114.8 million, after deducting underwriting discounts and commissions and other expenses. This offering was made to satisfy a requirement relating to the June 2017 credit agreement amendment. As required by the credit agreement with its senior lenders (the “Facility Agreement”), […]
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