HERNDON, VA, September 2017 ― Artel, LLC, completed a refinancing of existing debt that gives the firm significant annual cash interest expense savings and improved operational liquidity. Besides a new term loan, the facility includes a revolver and incremental facility. This structure provides operating flexibility as well as enabling the company to fund future growth plans.
Artel is a leading provider of highly secure, complex, customized end-to-end communications solutions for the U.S. Government. Artel’s ability to design and integrate terrestrial, satellite, and cyber technologies for mission-critical communications worldwide is underpinned by its healthy balance sheet, strong creditor backings, and deep customer relationships. The financial restructuring affords Artel the operational flexibility and comfortable liquidity to finance future capital expenditures to support the U.S. Federal Government’s global communication requirements.
“We are pleased to have completed this refinancing in such a positive manner. This refinancing gives us significant annual cash interest expense savings, improved cash flow, and provides the financial and operating flexibility to achieve our long-term growth objectives,” said Paul Domorski, the Company’s Chief Executive Officer. “This transaction will enable us to lower borrowing costs and increase our flexibility to fund future investment opportunities.” The credit facilities were financed by SunTrust and Capital One NA as Joint Lead Arrangers. “We are thrilled to work with Artel and co-lead a financing package that will enable Artel to grow as a company and continue to provide high-end secure communications solutions to their clients,” said Joshua Dearmon, Senior Vice President in Capital One’s Government Contracting Banking group. SunTrust Robinson Humphrey served as Left Lead Arranger and SunTrust Bank is Administrative Agent for this transaction.
HERNDON, VA, August 2017 ― Artel, LLC, has been awarded a prime contract with the General Services Administration (GSA) to support unique commercial satellite communications (COMSATCOM) needs for the Complex Commercial SATCOM Solutions (CS3) contract vehicle. Artel is one of only 20 prime awardees for the CS3 contract, which has a $2.5 billion dollar ceiling value over its 10-year life cycle. CS3 will support GSA’s diverse mission partners, including the Defense Information Systems Agency (DISA), that require agile and secure satellite communications capabilities across the globe.
Artel’s 30-year history of providing both fixed and mobile satellite transport and services for the Federal Government, coupled with our experience integrating capabilities from our team of established providers, ensures worldwide service coverage in support of the CS3 contract. The CS3 program scope encompasses satellite bandwidth, equipment and engineering support for interactive networks, broadcast services, network diversity, continuity of operations, disaster recovery communications, and communications-on-the-move solutions for Department of Defense (DoD) applications. Artel offers engineered satellite solutions that include design, development, integration, network management, engineering, and full life-cycle support.
Artel is the only company that possesses a win on both GSA’s CS3 contract (satellite) and on DISA’s Global Network Services (DISA GNS) contract (terrestrial), both premier telecommunications programs. Artel’s network and platform-agnostic approach as a neutral systems integrator allows us to provide significant cost savings that other vendors are unable or unwilling to offer. Our ability to design and deliver sophisticated satellite, terrestrial, and hybrid network solutions in all regions and all theaters ensures reliable, secure connectivity in support of U.S. Government missions.