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[Satellite TODAY 02-01-13] DigitalGlobe and GeoEye have announced the completion of their merger. The combined company now has a market capitalization of $2.1 billion, based on the closing price of DigitalGlobe stock on Jan. 30, 2013. The company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI.

   As a result of the merger, DigitalGlobe will now work with a strengthened balance sheet and financial profile with more than the expected $1.5 billion in net present value of operating expense and capital synergies. Approximately one-third of those synergy savings are related to operating expense and the balance from capital savings.
   DigitalGlobe now has a larger constellation with optimized orbits to provide a wider array of Earth imagery and geospatial analysis. The company will offer a better-integrated imagery collection, processing and analytics capabilities.
  Additionally, the DigitalGlobe has entered into a new term loan facility of $550 million and a revolving credit facility of $150 million. The company has borrowed the full amount of the term loan facility to fund the merger with GeoEye and to refinance certain existing indebtedness of both GeoEye and DigitalGlobe.
   DigitalGlobe expects to announce fourth quarter 2012 and full year 2012 earnings, as well as provide full-year 2013 financial guidance, on Feb. 26, 2013.
   “With a stronger financial profile, more robust suite of services, and among the world’s most advanced geospatial production and analysis capabilities, we will be even better positioned to meet customers’ needs and create value for shareowners," said Jeffrey R. Tarr, president and chief executive officer of DigitalGlobe. "Together, we are poised to achieve our vision of being the leading source of information about our changing planet.”

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