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Satnews Daily
January 3rd, 2011

Brightstar... Financially Speaking... (Comms)


Brightstar Corp. has refinanced its U.S. Senior Revolving Credit Facility. The facility complements the recent $250 million six year notes issued in November, and provides long term committed capital to support the company’s business plans and continued growth. The facility has a five year maturity and will provide Brightstar with working capital financing at a cost of approximately 225 basis points over Libor. Brightstar is a global services company that provides services and solutions and value-added distribution to enhance the performance and profitability of the three key participants in the wireless device ecosystem: device manufacturers, network operators and retailers.