[Satellite TODAY 12-30-10] Wireless telecoms services and solutions provider Brightstar Corp. has closed a $500 million U.S. senior revolving credit facility to provide the company with long term committed capital and to support the company’s business plans, Brightstar announced.
    The facility follows $250 million in six-year notes the company received in November. The financing has a five-year maturity period at a cost of approximately 225 basis points over LIBOR.
    “This facility will be the foundation for funding our growth around the world. This refinancing was the second part of our capitalization and provides the company with superior long term liquidity,” Brightstar CFO Dennis Strand said in a statement.