GeoEye Launches $350M Notes Offering

Law360, New York (September 18, 2009, 1:18 PM EDT) -- GeoEye Inc. is offering up $350 million in senior secured notes in order to fund a multimillion-dollar tender offer aimed at lifting restrictions on the satellite imagery company's financing agreement.

GeoEye is soliciting qualified institutional buyers to invest in senior secured notes due 2015 in order to fund the $250 million tender offer it put forward Sept. 11, the company said Sept. 17.

The $350 million also will go toward general corporate purposes, possibly to cover costs associated with building GeoEye's latest high-resolution satellite, the company...
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