Press Releases

Year

November 26, 2019

Globalstar Executes Refinancing With French Lender Consortium and New Second Lien Credit Facility

COVINGTON, La. --(BUSINESS WIRE)--Nov. 26, 2019-- Globalstar, Inc. (NYSE American: GSAT) announced today that it has successfully refinanced its capital structure by executing an amendment of its existing senior secured credit facility ("Senior Facility”) and raising a new six-year second lien term

November 12, 2019

Globalstar Announces Third Quarter 2019 Results

COVINGTON, La. --(BUSINESS WIRE)--Nov. 12, 2019-- Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the quarter ended September 30, 2019 . OPERATIONAL HIGHLIGHTS Financing Update We are in the final stages of completing the refinancing of our capital

November 11, 2019

Nokia and Globalstar Partner to Deploy Digitalization Platform Utilizing 3GPP Band 53 Spectrum

COVINGTON, La. --(BUSINESS WIRE)--Nov. 11, 2019-- Globalstar, Inc. (NYSE American: GSAT), a leading provider of mobile satellite voice and data services, today announced its partnership with Nokia . The Fourth Industrial Revolution (4IR) sweeping steadily across the African continent highlights the

November 5, 2019

Globalstar Partners with Ceres Tag on New Animal Ear Tag Design

Small Satellite Tracker Foreseen as Game-Changer in Global Agriculture Industry COVINGTON, La. --(BUSINESS WIRE)--Nov. 5, 2019-- Globalstar, Inc. (NYSE American: GSAT), a leading provider of mobile satellite voice and data services, today announced its partnership with Ceres Tag , a leader in

October 30, 2019

FindMy launches next generation satellite IoT livestock tracker powered by Globalstar

20 million messages sent from FindMy’s animal collars over Globalstar network to date Highlights: Leading IoT animal tracking specialist FindMy launches its next generation solution based on Globalstar satellite technology Farmers will benefit from FindMy’s new smaller, lighter, more robust animal

October 22, 2019

UK Globalstar Reseller Global Telesat Communications Surpasses 15,000 SPOT Sales Milestone Including 1,500 Devices to Safeguard Lone Workers

Highlights: Leading UK satellite technology specialist reseller Global Telesat Communications (GTC) , a subsidiary of Orbsat Corp , has reached the milestone of 15,000 Globalstar SPOT satellite device sales including SPOT Gen3 and SPOT X satellite messengers and SPOT Trace tracking devices GTC has

October 17, 2019

Globalstar Expands Usability of Sat-Fi2® Satellite Hotspot with New Remote Antenna Station for Anyone on the Move or Working Beyond Cellular

With Sat-Fi2® Remote Antenna Station , Users Can Access the Globalstar Satellite Network via Any Wi-Fi Enabled Smart Device for Reliable Connectivity Inside Vehicles, Vessels and Remote Buildings COVINGTON, La. --(BUSINESS WIRE)--Oct. 17, 2019-- Globalstar, Inc.

September 9, 2019

SPOT Introduces New SPOT X® Device with Enhanced Features and Performance

Bluetooth ® wireless technology enables versatility and a new user experience with SPOT X ® App COVINGTON, La. --(BUSINESS WIRE)--Sep. 9, 2019-- SPOT LLC , a wholly owned subsidiary of Globalstar, Inc. , (NYSE American: GSAT) and a leader in satellite communications and technologies, introduces a

September 6, 2019

Relief Efforts Underway for Bahamas Hurricane Recovery

Globalstar Partners with Regional Supplier Pulse Technology Solutions in Donation of Satellite Communication Solutions COVINGTON, La. --(BUSINESS WIRE)--Sep. 6, 2019-- Amidst the aftermath and devastation of Hurricane Dorian, Globalstar, Inc. (NYSE American: GSAT) and Pulse Technology Solutions

September 5, 2019

Globalstar Announces Decision to Proceed With the French BPIFAE Facility Amendment and New Second Lien Facility

Amendment maintains current cost of senior debt and provides runway through 2022 senior debt maturity $195 million new second lien credit facility to be funded by a strategic partner, Thermo and other investors to pay down existing debt Existing Thermo subordinated loan to be voluntarily converted

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