Corporate Debt Ratings Received from Moody's and S&P
Corporate Debt Ratings Received from Moody's and S&P
London, April 20, 2018 AEST (ABN Newswire) - Speedcast International Limited (ASX:SDA), the world's most trusted provider of remote communication and IT services, announced that in connection with the proposed offering of a new US$425 million Senior Secured 7-year US Term Loan B, ratings agencies Moody's Investors Services ("Moody's"), and S&P Global ("S&P") have assigned corporate and facility level credit ratings as follows.

- Moody's has assigned the Company a corporate credit rating of 'Ba3' with a stable outlook and the proposed facility an instrument rating of 'Ba3'.

- S&P has assigned the Company a corporate credit rating of 'BB-' with a stable outlook and the proposed facility a preliminary instrument rating of 'BB-'.

To view the Lender Presentation for Debt Refinancing Strategy, please visit:
http://abnnewswire.net/lnk/68K78QC0


About Speedcast International Ltd

Speedcast InternationalSpeedcast International Ltd (ASX:SDA) is the largest provider of remote communications and IT services in the world. Speedcast's fully managed service is delivered via a leading global, multi-access-technology, multi-band and multi-orbit network of 70+ satellites and an interconnecting  global terrestrial network, bolstered by extensive on the ground local support from 40+ countries. This global "network of networks" allows customers to fully rely on the most robust, integrated infrastructure available in the market for their mission critical applications. Speedcast is uniquely positioned as a strategic business partner, tailoring communications, IT and digital solutions to meet unique customer needs and enable business transformation. Speedcast extends its managed services through differentiated technology offerings including cyber-security, crew welfare, content solutions, data & voice applications and network systems integration services. With a passionate customer focus and a strong safety culture, Speedcast serves more than 2,500 customers in over 140 countries in sectors such as Maritime, Energy, Mining, Enterprise, Media, Cruise, NGOs and Government. Learn more at Speedcast.

     


Contact

Clive Cuthell
Chief Financial Officer
Speedcast International Ltd
E: clive.cuthell@speedcast.com
M: +61-432-129-664



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