GeoEye… Financially Speaking…

[SatNews] GeoEye, Inc. (Nasdaq: GEOY) has announced an exchange offer to fulfill the Company’s obligations regarding the registration of its outstanding Senior Secured Notes due 2015, which were issued on Oct. 9, 2009, in a private placement (the “Private Notes”). According to a registration rights agreement entered into by GeoEye in connection with the sale of the Private Notes, the Company agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer.

GeoEye will exchange up to $400 million aggregate principal amount of its Senior Secured Notes due 2015, which have been registered under the Securities Act of 1933, as amended (“the Exchange Notes”) for any and all of the Private Notes that are tendered by the holders of those notes. The Exchange Notes contain substantially identical terms to the Private Notes. Any Private Notes not tendered for exchange in the offer will remain outstanding and continue to accrue interest and will not retain any rights under the registration rights agreement except in limited circumstances.

The terms of the exchange offer can be found in the exchange offer prospectus and related letter of transmittal. Unless extended, the exchange offer will expire at 5:00 p.m., New York City time, on Aug. 11, 2010. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures in the exchange offer prospectus. Requests for assistance with respect to the exchange offer procedures or for copies of the exchange offer prospectus should be directed to The Bank of New York Mellon, the exchange agent, at (212) 815-3687.