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Orion pulls planned debt offerings, may reissue them next year. (Orion Atlantic L.P.)
Orion Atlantic L.P. became the latest satellite company to withdraw planned debt offerings this fall when it chose to pull two deals intended to raise a combined $565 million, a senior company official said last week. Both deals were required to be completed together, so when some of Orion's seven international partners balked at terms of a planned $256 million bank debt financing, the company was forced to withdraw a $300 million public debt offering as well, the official said. Orion did not need the money immediately and both deals ...
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