ICO Global Communications (Holdings) Limited [NASDAQ:ICOG] is a satellite communications company currently developing a nexgen hybrid system, combining satellite and terrestrial communications capabilities. The company has announced its subsidiary, ICO North America, Inc., has entered into definitive credit documentation with Jefferies Finance LLC, an affiliate of Jefferies & Company, Inc., for a 40M/USD working capital facility maturing May 1, 2009. The Company has scheduled the initial borrowing under the working capital facility, subject to closing conditions, for April 7, 2008, and will use the proceeds for working capital and for general corporate purposes—Reston, Virginia
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