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Apr 29, 2026 8:01 AM

ORBCOMM® refinances existing debt facility and secures capital to accelerate market leadership

STERLING, Va., April 29, 2026 (GLOBE NEWSWIRE) -- ORBCOMM Inc., a global leader in industrial IoT, today announced the closing of a $460 million refinancing with support from Carlyle, Bain Credit's Private Credit Group and Morgan Stanley Private Credit.

The financing package refinances ORBCOMM's existing debt facilities and includes committed, undrawn capital capacity through a delayed draw term loan facility and a revolving credit facility, providing ORBCOMM with committed capital and flexibility. ORBCOMM will continue to invest in long-term growth initiatives, supporting large-scale customer deployments, and expanding its platform.

The transaction reflects strong support from leading institutional investors and underscores confidence in ORBCOMM's market position, strategic direction and long-term growth opportunity.

Since its 2021 acquisition by ...