DigitalGlobe repays and terminates credit agreement as part of merger

By Sarah Lizee

Olympia, Wash., Oct. 10 – DigitalGlobe, Inc. fully repaid and terminated its credit agreement dated Dec. 22, 2016 with Barclays Bank plc as administrative agent on Oct. 5, according to an 8-K filing with the Securities and Exchange Commission.

The termination of the agreement was in connection with the company’s acquisition by Maxar Technologies Ltd.

The credit agreement provided the company with a $1,275,000,000 senior secured term loan facility maturing in January 2024 and a $200 million senior secured revolving credit facility maturing in January 2022.

As of Oct. 4, the company had roughly $1.3 billion plus accrued interest outstanding under the agreement.

DigitalGlobe is a Westminster, Colo.-based provider of Earth imaging and geospatial solutions. Maxar, formerly MacDonald, Dettwiler & Associates Ltd., is a Vancouver, B.C.-based provider of communications, surveillance and intelligence technology.

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