Steptoe Leads $200 Million Closing

Steptoe was lead counsel on the acquisition, securities offering, US aspects of a major loan refinancing, worldwide competition clearances, and related matters for Stratos, a leading provider of mobile and remote communications services.

The team completed the acquisition of Xantic, a Dutch company, for approximately $200 million and a Section 144A high-yield notes deal that should lead to Stratos' first US public securities offering. 

Xantic was the third largest provider to satellite telecommunications giant Inmarsat. Stratos now accounts for 44% of Inmarsat's mobile satellite telecommunications revenue, and has increased its presence in Europe and the Asia-Pacific region.

The team included Alfred Mamlet, Scott Katzman, Maury Shenk, Don Meiers, Chris Tai, Tony Epstein, Bob Fleishman, Ken Ewing, Bob McLaughlin, Phil West, Steve Teplinsky, Susan Serling, Ed Krauland, Andrew Bloom, Julie Vinyard, Kees Kuilwijk, Winnie Chang, Daniel Mah, Tracey Thomas, Alan Davis, Mike Fox, Marisa Baker, Sarah East, Keith Sieverding, Margaret Lin, Claire Walsh, Siobhan Smith, Donna Guihon, Vicki Ritter, and Lisa Wong.

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