DigitalGlobe Enters Into New $600 Million Credit Facility

LONGMONT, CO -- (MARKET WIRE) -- Oct 12, 2011 -- DigitalGlobe (NYSE: DGI), a leading global provider of high-resolution earth imagery solutions, today announced that it has entered into a senior secured credit agreement that provides for a $500 million term loan facility and a $100 million revolving credit facility.

The company has borrowed the full amount of the term loan facility to fund its previously announced cash tender offer to purchase any and all of its outstanding 10.5% Senior Secured Notes due 2014 and related consent solicitation. Holders of 100% of the Notes had tendered and not validly withdrawn their notes in the cash tender offer as of 5:00 p.m., New York City time, on October 11, 2011.

The Company will use remaining cash proceeds for general corporate purposes, which may include acquisitions and share repurchases. The revolving credit facility remains undrawn at closing.

Borrowings under the term loan facility will bear interest at an amount equal to the adjusted LIBOR rate plus 4.50%. The credit agreement contains affirmative and negative covenants that the company believes are usual and customary for a senior secured credit agreement. The credit agreement also requires the company to maintain a maximum leverage ratio and a minimum interest coverage ratio.

"We are very pleased to have executed and priced this transaction given the current volatile market conditions," said Yancey Spruill, chief financial officer. "Financing at a lower cost of capital is a testament to the quality of our company and the strength of our business model. We will use the proceeds to provide increased flexibility in executing our growth strategy and in building our capabilities through acquisitions."

Morgan Stanley Senior Funding, Inc. and J.P. Morgan Securities LLC served as joint lead arrangers and joint lead bookrunners for this transaction.

About DigitalGlobe
DigitalGlobe is a leading global provider of commercial high-resolution earth imagery products and services. Sourced from our own advanced satellite constellation, our imagery solutions support a wide variety of uses within defense and intelligence, civil agencies, mapping and analysis, environmental monitoring, oil and gas exploration, infrastructure management, Internet portals and navigation technology. With our collection sources and comprehensive ImageLibrary (containing more than one billion square kilometers of earth imagery and imagery products) we offer a range of on- and off-line products and services designed to enable customers to easily access and integrate our imagery into their business operations and applications. For more information, visit www.digitalglobe.com.

DigitalGlobe is a registered trademark of DigitalGlobe.

Safe Harbor Statement
Our reports, filings, presentations and public announcements may contain or incorporate forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements relate to future events or our future financial performance. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words, although not all forward-looking statements contain these words.

Any forward-looking statements are based upon our historical performance and on our current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions. A number of important factors could cause our actual results or performance to differ materially from those indicated by such forward looking statements, including: the loss, reduction or change in terms of any of our primary contracts; the loss or impairment of our satellites; delays in the construction and launch of WorldView-3; delays in implementation of planned ground system and infrastructure enhancements; loss or damage to the content contained in our ImageLibrary; interruption or failure of our ground system and other infrastructure, decrease in demand for our imagery products and services; increased competition that may reduce our market share or cause us to lower our prices; our failure to obtain or maintain required regulatory approvals and licenses; changes in U.S. foreign law or regulation that may limit our ability to distribute our imagery products and services; the costs associated with being a public company; and other important factors, all as described more fully in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on any of these forward looking statements.





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