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Article: USN Announces Combined Equity and Debt Financing of $18M.
- Article from:
- PR Newswire
- Article date:
- February 11, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Enables Company to Further Their Outsourced Space Operations Services Business Model
NEWPORT BEACH, Calif., Feb. 11 /PRNewswire/ -- Universal Space Network, Inc. (USN), a leading provider of outsourced space operations and ground control and communications services, announced today that it has closed a $13M equity financing round and a $5M debt facility. The proceeds will pave the way for future growth and will be used near term for a planned acquisition and expansion of the company's ground station network. The equity round was completed with existing shareholders led by Warburg Pincus, the global private equity firm, Swedish Space Corporation and Pistol ...