Inmarsat boasts liquidity of $1.5 billion, including $377 million cash

By Lisa Kerner

Charlotte, N.C., Oct. 9 - Inmarsat plc had "significant" liquidity headroom of $1.5 billion at the end of its second quarter and "low" leverage of 1.8 times at June 30, according to an investor day presentation by chief financial officer Rick Medlock on Tuesday.

Of the total liquidity, $377 million is cash.

Inmarsat's debt includes a $353 million 12.5-year facility from Ex-Im Bank at 3.1% for life and another $750 million bank facility.

The London-based satellite services company has no debt maturities until 2016.

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