Loral
Announces
Filing
of
Registration
Statement
For
Space
Systems/Loral
IPO
June
10,
2010
Loral
Space
&
Communications
Inc.
(NASDAQ:LORL)
announced
today
that
its
wholly-owned
subsidiary
Space
Systems/Loral,
Inc.
(SS/L)
has
filed
a
registration
statement
with
the
U.S.
Securities
and
Exchange
Commission
for
an
initial
public
offering.
The
filing
contemplates
the
registration
and
offer
to
the
public
of
up
to
19.9
percent
of
SS/L’s
common
stock;
upon
completion
of
the
offering,
Loral
will
continue
to
own
the
remainder
of
SS/L’s
common
stock.
Funds
raised
in
the
offering
will
be
used
by
SS/L
for
working
capital
and
other
general
corporate
purposes,
including
to
finance
further
growth
and
expansion
of
SS/L’s
business.
SS/L
is a
leading
designer,
manufacturer,
and
integrator
of
satellites
and
satellite
systems
for
commercial
and
government
applications,
including
broadband
internet
service
to
the
home,
mobile
video
and
internet
service,
broadcast
feeds
for
television
and
radio
distribution,
phone
service,
civil
and
defense
communications,
direct-to-home
television
broadcast,
satellite
radio,
telecommunications
backhaul
and
trunking,
weather
and
environment
monitoring
and
air
traffic
control.
A
registration
statement
relating
to
these
securities
has
been
filed
with
the
Securities
and
Exchange
Commission
but
has
not
yet
become
effective.
These
securities
may
not
be
sold
nor
may
offers
to
buy
these
securities
be
accepted
prior
to
the
time
the
registration
statement
becomes
effective.
This
release
shall
not
constitute
an
offer
to
sell
or
the
solicitation
of
an
offer
to
buy
nor
shall
there
be
any
sale
of
these
securities
in
any
State
in
which
such
offer,
solicitation
or
sale
would
be
unlawful
prior
to
registration
or
qualification
under
the
securities
laws
of
any
such
State.
Credit
Suisse
Securities
(USA)
LLC
and
J.P.
Morgan
Securities
Inc.
are
joint
book
running
lead
managers
for
the
offering.
The
public
offering
will
be
made
only
by
means
of a
prospectus
which,
when
available,
may
be
obtained
by
writing
or
calling
the
prospectus
department
at
Credit
Suisse
Securities
(USA)
LLC,
Prospectus
Department,
One
Madison
Avenue,
Level
1B,
New
York,
NY
10010,
telephone
800-221-1037
or
J.P.
Morgan,
c/o
Broadridge
Financial
Solutions,
1155
Long
Island
Ave.,
Edgewood,
NY
11717,
telephone
866-803-9204.
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