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Buy (3.19 out of 4)
50th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, November 8, 10:07 PM
Slide #630. 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 Inc. is a commercial provider of communications services. Co. is engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. It utilizes an interlinked mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites.
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