Speedcast goes to debt markets with better-than-expected Harris CapRock, UltiSat numbers

by Peter B. de Selding

PARIS — Satellite services provider Speedcast has squeezed more synergies than expected from its January 2017 purchase of Harris CapRock and said government satellite services provider UltiSat, a more-recent purchase, generated better-than-expected 2017 results.

The CapRock and UltiSat transactions have redrawn Speedcast’s services business mix, which is now 35% maritime, 34% energy, 17% enterprise and emerging markets, and 15% government. These figures assume a full-year-2017 contribution from UltiSat.

Speedcast has announced plans to refinance it existing bank facilities with a $425 million . . .

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