Global Eagle Entertainment Receives Investment From Searchlight Capital Partners
04.02.18
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The Firm represented Global Eagle Entertainment Inc. (NASDAQ: ENT) in connection with a $150 million investment from funds managed by Searchlight Capital Partners, L.P. The transaction closed on March 27, 2018. Global Eagle intends to use the proceeds from the investment to repay the full $78 million principal balance of its revolving credit facility. The company intends to use the remaining proceeds for growth initiatives and general corporate purposes.
Based in Los Angeles, California, Global Eagle is a leading provider of satellite-based connectivity and media to fast-growing, global mobility markets across air, sea and land.
The Simpson Thacher team included William Brentani, Kim de Glossop, Karen Reyes, Kelli Schultz and Alexis Orenstein (Corporate); and Nicole Humphrey (Tax).