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Stock Market & Financial Investment News

News Breaks
December 13, 2012
09:03 EDTORBOrbital Sciences increases credit facility to $450M
Orbital Sciences announced that it completed an amendment to its existing $300M credit facility providing for a new five-year $150M senior secured term loan along with an extension of the maturity of the existing senior secured revolving credit facility. Following the amendment and extension, the credit facility borrowing capacity has been increased to $450 million in the aggregate, consisting of the $150M term loan and $300M of revolving loan capacity that will both mature in December 2017. All other existing material terms and conditions of the credit facility remain substantially the same.
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August 18, 2014
12:28 EDTORBOrbital nearing launch of its third CRS mission of 2014
Orbital Sciences announced the successful completion of its third cargo delivery mission to the International Space Station in the past 10 months, including the initial demonstration flight completed in October 2013 and the first two operational missions under the company’s $1.9B Commercial Resupply Services, CRS, contract with NASA. The company also noted that it is nearing the launch of its third CRS mission of 2014, which is currently scheduled to take place in mid-October.

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