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DigitalGlobe Announces Successful Refinancing

WESTMINSTER, Colo.--(BUSINESS WIRE)--DigitalGlobe, Inc. (NYSE: DGI) today announced the completion of its new senior secured credit facility that reduces the interest rate and extends maturities on the company’s debt, with a new seven-year $1.275 billion senior secured credit facility and a new five-year $200 million revolving credit facility. The new term loan matures January 2024 and bears interest according to a leveraged-based pricing grid, initially set at LIBOR plus 275 basis points, with a 75 bps LIBOR floor. The revolving credit facility matures January 2022 and will be undrawn at closing.