Gilat Satellite Networks Secures $100 Million Through Private Placement
Gilat Satellite Networks (GILT) has secured commitments from Israeli institutional investors for a private placement offering of senior unsecured convertible notes. The company expects to raise approximately $100 million in gross proceeds through the transaction. The notes carry an annual interest rate of 3.75%, with payments due annually. This financing is expected to provide Gilat with additional capital, potentially supporting its operations and strategic initiatives as it continues to expand within the satellite communications sector.
Tickers: $GILT