Iridium Communications Inc · NASDAQ:IRDM
Iridium Communications — GHL Acquisition — SPAC Merger (July 2009)
9 slides from Iridium Communications's SPAC merger presentation, Jul 29, 2009
Slide 1: Forward Looking Statements
[GRAPHIC OMITTED] Forward Looking Statements - -------------------------------------------------------------------------------- This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchan
Slide 2: Additional Information and Where to Find It
[GRAPHIC OMITTED] Additional Information and Where to Find It - -------------------------------------------------------------------------------- This communication is being made with respect to a proposed acquisition and related transactions involving GHQ and Iridium. In connection with these propos
Slide 3: Participants in the Solicitation
[GRAPHIC OMITTED] Participants in the Solicitation - -------------------------------------------------------------------------------- GHQ and its directors and officers may be deemed to be participants in the solicitation of proxies to GHQ's stockholders in connection with the acquisition. A list of
Slide 4: Steps Taken in Preparation for Merger Vote Improving Transaction Economics and Facilitating Stockholder Approval
Steps Taken in Preparation for Merger Vote Improving Transaction Economics and Facilitating Stockholder Approval - -------------------------------------- ---------------------------------------- GHQ and Iridium have in recent months [] Transaction Price Reduction taken a number of steps which both A
Slide 5: Details of Warrant Restructuring
Details of Warrant Restructuring - -------------------------------------- ---------------------------------------- As a result of the warrant [] In total, ~30.5 million GHQ warrant restructuring, GHQ will have will be repurchased or restructured dramatically fewer in-the-money upon closing of the ac
Slide 6: Summary of Post-Transaction Iridium Balance Sheet Including Effects of Warrant Restructuring
Summary of Post-Transaction Iridium Balance Sheet Including Effects of Warrant Restructuring; Assuming 30% Redemptions - -------------------------------------- ---------------------------------------- Post-merger, Iridium will have a (All Values in Millions) 1/2009 strong balance sheet with minimal
Slide 7: Valuation Comparison Including Effects of Warrant Restructuring
Valuation Comparison Including Effects of Warrant Restructuring - -------------------------------------- --------------------------------------- Iridium's fully-distributed valuation post-merger represents a 48% discount to the EBITDA multiple of its closest competitor, Inmarsat Iridium's valuation
Slide 8: Anticipated Timetable to Closing
Anticipated Timetable to Closing - -------------------------------------- --------------------------------------- [] Expecting Iridium to Announce Q2 Results During Week of August 10th [] Anticipating September GHQ Stockholder Vote on Acquisition of Iridium [] No Further Amendments to Economics or O
Slide 9: Anticipated Timetable to Closing
e—CSSCSC‘CSSCiés Anticipated Timetable to Closing Expecting Iridium to Announce Q2 Results During Week of August 10 Anticipating September GHQ Stockholder Vote on Acquisition of Iridium No Further Amendments to Economics or Other Terms Planned Completion Subject to FCC Approval and GHQ Stockholder A