GeoEye, Inc. Prices $125 Million of 8.625% Senior Secured Notes Due 2016

Posted by GIS talk On Monday, October 04, 2010
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GeoEye, Inc. (Nasdaq: GEOY), a leading provider of satellite and aerial-based geospatial information and services, announced today it has priced its underwritten offering ("Notes Offering") of $125 million in aggregate principal amount of 8.625% Senior Secured Notes due 2016 (the "Notes"). The Notes will be initially offered to the public at a price equal to 100% of their face value. The Notes Offering is expected to close on October 8, 2010, subject to the satisfaction or waiver of customary closing conditions.

GeoEye intends to use the net proceeds of the Notes Offering for general corporate purposes, which may include working capital, future production and services expansion, contingent capital expenditures and other strategic opportunities.

The Notes Offering will be made pursuant to GeoEye's registration statement filed with the Securities and Exchange Commission (the "SEC"). This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Deutsche Bank Securities Inc. will act as joint book-running managers for the Notes Offering. You may obtain a copy of the final prospectus for the Notes Offering from the SEC website at Alternatively, the underwriters will arrange to send you this document if you request them by contacting J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY 10179, attention: Prospectus Library.


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