ORBCOMM pulls in new financing, replaces all publicly-traded debt
Key takeaways
- ORBCOMM pulls in new financing, replaces all publicly-traded debt ORBCOMM has restructured its debt load.
- As a result of the restructuring, S&P Global Ratings has withdrawn its ratings on ORBCOMM.
- B- is six notches below the cutoff between investment grade and non-investment grade debt at S&P Global Ratings.
ORBCOMM pulls in new financing, replaces all publicly-traded debt ORBCOMM has restructured its debt load. (Photo: Shutterstock) John Kingston Wed, May 6, 2026 at 7:16 PM GMT+7 3 min read ORBCOMM, a leading provider of ELDs and visibility solutions, has made a change in its capital structure again.
As a result of the restructuring, S&P Global Ratings has withdrawn its ratings on ORBCOMM. S&P had a B- rating on ORBCOMM and a negative outlook at the time of the withdrawal.
B- is six notches below the cutoff between investment grade and non-investment grade debt at S&P Global Ratings. A negative outlook means conditions are in place for a potential downgrade in the rating though a negative or positive rating can stay in place for months or years without any change actually taking place.