Debt investment led by PSP Investments provides additional capital for further growth and innovation Houston, Texas — February 28, 2022 — Speedcast, a leading communications and IT services provider, today announced that the company successfully closed on a new $350 million USD Credit Facility. PSP Investments Credit USA LLC (“PSP Investments”) led the transaction, which was comprised of a $300 million Term Loan B and a $50 million Priority Revolving Credit Facility, both of which were privately placed with a select group of direct lenders. The transaction recapitalizes the March…
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