Global Eagle Receives Court Approval for “First Day” Motions to Support Business Operations Obtains Interim Approval to Access $30 Million of its $80 Million Debtor-in-Possession Financing Continuing to Support Customers Around the World with Best-in-Class Media, Content and Connectivity Solutions for Aviation, Maritime, Enterprise and Government Mobility End-Markets LOS ANGELES, July 24, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle” or the “Company”), a leading provider of media, content, connectivity and data analytics to mobil...
Rating Action: Moody's downgrades Global Eagle's PDR to D-PD following Chapter 11 filing. Global Credit Research- 22 Jul 2020. New York, July 22, 2020-- Moody's Investors Service downgraded Global Eagle Entertainment, Inc probability of default rating to D-PD from Ca-PD.
Global Eagle Reaches Agreement on Definitive Asset Purchase Agreement with Substantial Majority of Senior Secured First-Lien Term Loan Investors Total Purchase Consideration of $675 Million Commences Voluntary Chapter 11 Proceedings for U.S. Entities to Implement Sale with New Liquidity of $80 Million in Debtor-in-Possession Financing Transaction Expected to Reduce Company’s Total Debt by Approximately $475 Million andProvide Significant New Liquidity, Including $125 Million Exit Facility Continues to Operate Media and Connectivity Services and Support Mobility Customers with Mission-Cri...
Rating Action: Moody's downgrades Global Eagle to Ca; credit agreement amendment is a distressed exchange. Global Credit Research- 16 Jul 2020. New York, July 16, 2020-- Moody's Investors Service downgraded Global Eagle Entertainment, Inc.' s corporate family rating to Ca from Caa2 as well as the company's probability of default rating to Ca-PD/LD from Caa2-PD.
Global Eagle Announces One-for-Twenty-Five Reverse Stock Split Common stock to begin trading on a split-adjusted basis at market open on April 16, 2020 LOS ANGELES, April 15, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that the Company's board of directors has approved a reverse stock split of the Company's common stock, at a ratio of 1-for-25, following the approval of the reverse stock split by th...
Rating Action: Moody's downgrades Global Eagle CFR to Caa2; negative outlook. Global Credit Research- 06 Apr 2020. New York, April 06, 2020-- Moody's Investors Service today downgraded the corporate family rating of Global Eagle Entertainment, Inc. to Caa2 from B3, the probability of default rating to Caa2-PD from B3-PD and the rating on the company's senior secured bank credit facilities to B3 from B1.
GLOBAL EAGLE ENTERTAINMENT INC. ADOPTS SHAREHOLDER RIGHTS PLAN LOS ANGELES, March 19, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that its Board of Directors (the “Board”) has adopted a Stockholder Rights Plan, effective March 19, 2020 (the “Rights Plan”), and declared a dividend distribution of one preferred share purchase right (the “Rights”) on each outstanding share of the Company’s Common Stock. ...
GLOBAL EAGLE REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2019 Record 2019 Revenue of $657 million2019 Net Loss of $153.4 million2019 Adjusted EBITDA* of $91.2 million 4Q19 Revenue of $163 million4Q19 Net Loss of $36.1 million4Q19 Adjusted EBITDA* of $24.6 million LOS ANGELES, March 19, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced financial results for the fourth quarter and fu...
Global Eagle Entertainment Inc. Schedules Webcast to Discuss Financial Results for the Fourth Quarter and Full Year 2019 LOS ANGELES, March 05, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that it will host a live webcast to discuss its financial results for the fourth quarter and full year 2019 on Thursday, March 19, 2020 at 5:00 AM PT / 8:00 AM ET. Global Eagle will make the webcast accessible through the Investor Relation...
Global Eagle distribution proud to offer Oscar®-winning content Congratulations to Parasite for Best Picture, Judy for Best Actress, 1917 for Best Cinematography, Best Sound Mixing, and Best Visual Effects LOS ANGELES, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that it has obtained the inflight distribution rights for three Oscar®-winning films; Parasite, Judy and 1917. Global Eagle’s distributors Emphasis and ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Global Eagle Entertainment Inc.. Global Credit Research- 20 Nov 2019. New York, November 20, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Global Eagle Entertainment Inc. and other ratings that are associated with the same analytical unit.
Global Eagle Reports Financial Results for the Third Quarter of 2019 Record Quarterly Revenue of $170 millionNet Loss of $41.3 millionRecord Adjusted EBITDA* of $25.4 million up 37.7% versus prior-year period LOS ANGELES, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced financial results for the third quarter ended September 30, 2019. For the third quarter of 2019, Global Eagle recorded record r...
Turkish Airlines selects Global Eagle and Profen to deliver Inflight Connectivity to its narrow-body fleet LOS ANGELES, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Turkish Airlines has selected Global Eagle and Profen to deliver industry-leading inflight connectivity to more than 100 narrow-body aircraft. Passengers will have access to high quality connectivity, providing internet access inflight on the airline's fleet of B737NG and A321 aircraft. M. İlker Aycı, Turkish Airlines Chairman of the Board and the Executive Committee, says: “We are confident that with this partnership, Profen and Globa...
Global Eagle Entertainment Inc. Schedules Webcast to Discuss Financial Results for the Third Quarter 2019 LOS ANGELES, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that it will host a live webcast to discuss its financial results for the third quarter of 2019 on Thursday, November 7, 2019 at 2:00 PM PT / 5:00 PM ET. Global Eagle will make the webcast accessible through the Investor Relations section of its website a...
Global Eagle Reports Financial Results for the Second Quarter of 2019 Gross margin improved 170 basis points sequentially Record cash flows from operating activitiesGenerated positive free cash flow*Apple Pay launched on award-winning Airtime IFC Portal LOS ANGELES, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced financial results for the second quarter ended June 30, 2019. For the second quart...
Global Eagle Entertainment Inc. Schedules Webcast to Discuss Financial Results for the Second Quarter 2019 LOS ANGELES, July 31, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle”), a leading provider of media, content, connectivity and data analytics to markets across air, sea and land, today announced that it will host a live webcast to discuss its financial results for the second quarter of 2019 on Thursday, August 8, 2019 at 2:00 PM PT / 5:00 PM ET. Global Eagle will make the webcast accessible through the Investor Relations section of its website ...
Global Eagle Announces $61 Million of Additional Liquidity Intends to use a portion of the proceeds to repay existing revolving credit facility debt LOS ANGELES, July 19, 2019 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq: ENT) (“Global Eagle,” the “Company” or “we”), a leading provider of media, content, and connectivity to markets across air, sea and land, today announced that it has completed a $40 million upsizing of its Senior Secured Term Loan due 2023 (“Term Loan”), as well as an amendment to its Term Loan (collectively, the “Amendment”) to reduce scheduled principa...
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