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Satnews Daily
August 17th, 2010

GeoEye... Financially Speaking...


[SatNews] GeoEye, Inc. (Nasdaq: GEOY) has completed its offer to exchange Senior Secured Notes registered under the Securities Act of 1933, as amended, for all of the Senior Secured Notes that were previously issued in a private placement.

The registered exchange offer fulfilled the Company's obligations regarding the registration of its outstanding Senior Secured Notes due 2015, which were issued on Oct. 9, 2009, in a private placement (the "Private Notes"). According to a registration rights agreement entered into by GeoEye in connection with the sale of the Private Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer. GeoEye exchanged $400 million aggregate principal amount of its Senior Secured Notes due 2015, which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes") for all of the Private Notes that were tendered by the holders of those notes. The Exchange Notes contain substantially identical terms to the Private Notes. The exchange offer expired at 5:00 p.m., New York City time, on Aug. 11, 2010. The terms of the exchange offer can be found in the exchange offer prospectus and related letter of transmittal. Requests for assistance with respect to the exchange offer procedures or for copies of the exchange offer prospectus should be directed to The Bank of New York Mellon, the exchange agent, at (212) 815-3687.