Orbcomm closes USD 460 mln debt refinancing to support long-term plans
Industrial IoT services company Orbcomm said that it has closed a USD 460 million debt refinancing with support from Carlyle, Bain Credit’s Private Credit Group and Morgan Stanley Private Credit. The financing package includes committed, undrawn capital capacity through a delayed draw term loan facility and a revolving credit facility, providing Orbcomm with committed capital and flexibility. This enables it to keep investing in long-term growth initiatives, supporting large-scale customer deployments and e