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ORBCOMM Closes on New Term Loan Facility and Redeems All Outstanding Senior Secured Notes
ORBCOMM Inc. (NASDAQ: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a $200 million five-year term loan facility (the “Term Loan”) and a $50 million revolving credit facility. Concurrently, the Company completed the redemption of all of its outstanding 8.00% senior secured notes (the “Notes”) and ended its previous $25 million revolver facility.

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