Globalstar Inc (AMEX:GSAT)
$ 1.2 0.03 (2.56%) Market Cap: 2.26 Bil Enterprise Value: 2.57 Bil PE Ratio: 0 PB Ratio: 6.00 GF Score: 77/100
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Globalstar Inc Executes Refinancing With French Lender Consortium and New Second Lien Credit Facility - Call Transcript

Dec 02, 2019 / 01:30PM GMT
Release Date Price: $0.39
Operator

Welcome to the Globalstar Investor Call. My name is Cheryl, and I will be your operator for today's call. (Operator Instructions) Please note that this conference call is being recorded.

I will now turn the call over to Dave Kagan. Sir, you may begin.

David B. Kagan
Globalstar, Inc. - CEO

Thank you, operator. Good morning, everyone, and thank you for joining us to discuss our recently announced refinancing. Following my prepared remarks, Rebecca Clary will provide a more detailed discussion of the refi; and Jay Monroe and Tim Taylor will join us for Q&A.

Please note that today's call contains forward-looking statements intended to fall within the safe harbor provided under the securities laws. Factors that could cause the results to differ materially are described in the Forward-Looking Statements section of Globalstar's SEC filings and in last week's press release.

Last week, we announced the successful completion of a refinancing and amendment of our French bank credit facility concurrent with the raising of $199 million

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