Orbcomm closes USD 460 mln debt refinancing to support long-term plans

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(Telecompaper) 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...