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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wednesday, January 27, 4:53 PM

Slide #496. Iridium Communications Inc. Preferred Stock Offering

Company: Iridium Communications Inc. (NASDAQ:IRDM)
Shares Offered: 1,000,000
Date of Pricing: 9/28/2012
Price Per Share: $100
Preferred Stock Offering Details: Iridium Communications Inc. announced that it has priced a private offering of 1,000,000 shares of 7% Series A Cumulative Perpetual Convertible Preferred Stock, with a liquidation preference of $100 per share (the "Preferred Stock").

Iridium Communications is a provider of communications services. Co. provides voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its satellite network. Co.'s commercial services include: postpaid mobile voice and data satellite communications services, Iridium push-to-talk service, and Internet of Things services. Co. provides U.S. government customers bulk access to its services, including voice, netted voice, data, messaging and paging services, and maintenance services for the U.S. government's gateway. Co.'s products include: satellite handsets, broadband data devices, and Iridium GO!.
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Name:  Iridium Communications Inc
Sector:  Communications Services
Number of ETFs Holding IRDM:  52 (see which ones)
Total Market Value Held by ETFs:  $1,234,607,040
Total Market Capitalization:  $6,532,000,000
% of Market Cap. Held by ETFs:  18.90%

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