WildBlue Secures $200M Of Shareholder Financing

WildBlue announced today that it closed a secured credit facility of over $200M to fund the continued growth of its subscriber base and to facilitate the launch of the company's second satellite in the fourth quarter of 2006.  The lending group includes Liberty Media, the NRTC, and TimesArrow. 

"We are extremely pleased with the closing of this financing, which reiterates the commitment and confidence of our shareholders in this business, and reinvigorates our near-term expansion plans," said Dave Leonard, CEO of WildBlue.

"WildBlue has been able to fulfill its promise of reaching consumers who are not served by other broadband alternatives," said Mark Carleton, board member and Liberty shareholder representative.  "Since WildBlue's launch, consumer demand for the service has been strong, and this financing demonstrates Liberty's continued commitment to help WildBlue meet that demand into the future."