GeoEye, Inc. (GEOY) announced that it has closed its private placement offering of $400 million in aggregate principal amount of 9.625% senior secured notes due 2015. The notes were sold at a price equal to 97.262% of their face value, with an effective yield of 10.25%.
GeoEye also announced that it had received tenders and consents from the holders of $249.5 million in aggregate principal amount, or about 99.8%, of its outstanding $250 million senior secured floating rate notes due 2012 as of the expiration of its previously announced tender offer and consent solicitation. he Tender Offer expired on October 8.
The net proceeds of the notes offering were used to fund the repurchase of the 2012 Notes in the Tender Offer.
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