Internet Business News, "Holders of Globalstar 5.75% convertible senior notes have right to require repurchase."

INTERNET BUSINESS NEWS-(C)1995-2013 M2 COMMUNICATIONS

Globalstar, Inc. (OTC: GSAT) reported that holders of its 5.75% convertible senior notes due 2028 have the right to surrender their securities for purchase by Globalstar on April 1, 2013.

This put option expires at 5: 00 p.m. on March 29, 2013. The purchase is being made on the terms and subject to the conditions set forth in…