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US satellite operator ViaSat has snapped up local space-based cyber security specialist EAI Design Services for an undisclosed sum.
EAI Design’s founder Emil Isaakian and its staff will join ViaSat as part of the deal, which includes the group’s encryption products for high-speed networking to 100 Gbps.
Satellite radio provider SiriusXM Radio plans to issue US$750m in senior unsecured notes due 2025.
The company said that net proceeds from the offering are to be used for general corporate purposes. More specifically, this is expected to be repaying the US$635m of borrowings under its US$1.25bn senior secured revolving credit facility as well as further share repurchases.
NewSat’s share price has plummeted by more than a quarter after the nascent satellite operator reported a significant rise in half-year losses and was forced to rebuff reports of management largesse.
The company’s stock fell by 37.5% to A$0.10 shortly after the market reopened on Monday 2 March having closed at A$0.16 on Friday 27 February. It has since recovered slightly to A$0.12.
Rocket Lab has secured a second round of financing to fund the startup’s smallsat launch vehicle through to commercial flights from New Zealand in 2016.
US venture capital firm Bessemer Venture Partners (BVP) led the round with Lockheed Martin joining as a strategic investor.
US-based wide area network (WAN) optimisation specialist Riverbed Technology is taking on US$525m in notes to help fund its sale to Thoma Bravo and the Ontario Teachers’ Pension Plan.
The 8.875% senior bond due 2023 was issued by Project Homestake Merger Corp, which is controlled by private equity firm Thoma Bravo’s affiliates, and priced at par.
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