Research Triangle, NC, January 6, 2020 (SmartSky PR) – SmartSky Networks, the provider of next-generation inflight connectivity for aviation, has received an additional $25 million from funds managed by the Global Credit Opportunities team at BlackRock, after surpassing an important network deployment milestone on its way towards beginning commercial operations during the second quarter of 2020.
Funds managed by the Global Credit Opportunities platform at BlackRock previously committed to a $75 million credit facility, with $50 million drawn initially. The final $25 million was contingent upon the company making substantial progress on the nationwide network rollout, which it achieved in November.(more…)
- Parabolic Arc
- January 6, 2020