DigitalGlobe to launch $1.48 billion credit facility on Tuesday

By Sara Rosenberg

New York, Dec. 5 – DigitalGlobe, Inc. is set to hold a bank meeting at 2 p.m. ET in New York on Tuesday to launch a $1,475,000,000 credit facility, according to a market source.

Barclays is the lead left bookrunner on the deal.

The facility consists of a $200 million revolver and a $1,275,000,000 term loan B, the source said.

Proceeds will be used to pay down revolver borrowings, to refinance a term loan B due 2020 and 5¼% notes due 2021, and to pay related fees and expenses.

DigitalGlobe is a Westminster, Colo.-based provider of Earth imaging and geospatial solutions.

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