Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 19, 10:59 PM
This Slide: #596 of 620 |
Slide #596. 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 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 ThingsShort Burst Data services. Co. provides U.S. government customers bulk access to its services, including voice, netted voice, data, messaging and paging services, as well as 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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Buy (3.25 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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