GeoEye Announces $125 Million Offering

GeoEye, Inc. GEOY announced today that it is commencing an underwritten offering of $125 million of senior secured notes due 2016. The Notes will be senior secured obligations of GeoEye and will be secured on a second-priority basis by the assets of GeoEye and certain of its subsidiaries. The Notes will rank senior in right of payment to all existing and future subordinated debt of GeoEye.
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