GlobalStar (GSAT) Reports Q3 Loss of $0.01/Share

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Go back to GlobalStar (GSAT) Reports Q3 Loss of $0.01/Share

Globalstar Announces Third Quarter 2019 Results

November 12, 2019 4:15 PM EST

COVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended September 30, 2019.

OPERATIONAL HIGHLIGHTS

Financing Update

We are in the final stages of completing the refinancing of our capital structure by executing an amendment and partial paydown of our existing senior secured credit facility agreement ("Facility Agreement") and raising a new second lien term loan facility ("Second Lien Facility").

As previously announced, we have reached an agreement in principle with our senior lenders under the Facility... More