Globalstar Inc Executes Refinancing With French Lender Consortium and New Second Lien Credit Facility - Call Transcript
Welcome to the Globalstar Investor Call. My name is Cheryl, and I will be your operator for today's call. (Operator Instructions) Please note that this conference call is being recorded.
I will now turn the call over to Dave Kagan. Sir, you may begin.
Thank you, operator. Good morning, everyone, and thank you for joining us to discuss our recently announced refinancing. Following my prepared remarks, Rebecca Clary will provide a more detailed discussion of the refi; and Jay Monroe and Tim Taylor will join us for Q&A.
Please note that today's call contains forward-looking statements intended to fall within the safe harbor provided under the securities laws. Factors that could cause the results to differ materially are described in the Forward-Looking Statements section of Globalstar's SEC filings and in last week's press release.
Last week, we announced the successful completion of a refinancing and amendment of our French bank credit facility concurrent with the raising of $199 million
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