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GeoEye Makes Final Debt Payment For Purchase Of Space Imaging
GeoEye made the final payment on the $50 million credit facility that funded the acquisition of Space Imaging, GeoEye announced Feb. 5. GeoEye completed the acquisition in January 2006, and the debt was repaid early using cash generated by the assets purchased from Space Imaging, GeoEye said.
“After completing the Nasdaq listing last fall and repaying this debt, the company is now positioned to seek new opportunities and growth,” Henry Dubois, GeoEye’s executive vice president and CFO, said in a statement.
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