PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, May 20, 10:46 PM
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Slide #557. Iridium Communications Inc. — Preferred Stock Offering
Company:
Iridium Communications Inc. (NASDAQ:IRDM)
Shares Offered:
1,000,000
Date of Pricing:
9/28/2012
Price Per Share:
$100
Preferred Stock Offering Details:
Iridium Communications Inc. announced that it has priced a private offering of 1,000,000 shares of 7% Series A Cumulative Perpetual Convertible Preferred Stock, with a liquidation preference of $100 per share (the "Preferred Stock").
Iridium Communications is a provider of communications services. Co. provides voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its satellite network. Co.'s commercial services include: postpaid mobile voice and data satellite communications services, Iridium push-to-talk service, and Internet of Things (IoT) services. Co. provides U.S. government customers bulk access to its services, including voice, netted voice, data, messaging and paging services, and maintenance services for the U.S. government's gateway. Co.'s products include: Satellite Handsets and Iridium GO!, and broadband data devices.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 22nd percentile
(ranked lower than approx. 78% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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