0001193125-12-455002.txt : 20130103 0001193125-12-455002.hdr.sgml : 20130103 20121106181549 ACCESSION NUMBER: 0001193125-12-455002 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20121106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Iridium Communications Inc. CENTRAL INDEX KEY: 0001418819 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 221344998 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1750 TYSONS BOULEVARD STREET 2: SUITE 1400 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 301-571-6200 MAIL ADDRESS: STREET 1: 1750 TYSONS BOULEVARD STREET 2: SUITE 1400 CITY: MCLEAN STATE: VA ZIP: 22102 FORMER COMPANY: FORMER CONFORMED NAME: GHL Acquisition Corp. DATE OF NAME CHANGE: 20071119 CORRESP 1 filename1.htm Correspondence

November 6, 2012

VIA EDGAR

U. S. Securities and Exchange Commission

Division of Corporate Finance

100 F Street, N.E.

Washington, D.C. 20549-3628

 

Attn: Mr. David L. Orlic

 

Re: Iridium Communications Inc.

Schedule TO-I

Filed October 2, 2012

File No. 005-83853

Ladies and Gentlemen:

On behalf of Iridium Communications Inc. (the “Company”), we are responding to comments received from the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) by letter dated November 2, 2012 with respect to the above-referenced filing (the “Comments”). Set forth below is the Company’s response to the Comments. For your convenience, we have incorporated the Comments into this response letter.

The Company has today filed Amendment No. 4 to the Schedule TO (the “Amendment”).

General

 

  1. In your Form 8-K filed on November 1, 2012, you disclose that the financial statements incorporated by reference into your Schedule TO and disseminated to security holders in summary form should no longer be relied upon. Please amend your schedule to include this information. Please also tell us what consideration you have given to disseminating corresponding disclosure to security holders (including the effect of your estimated adjustments on all disclosure required by Item 1010(a) of Regulation M-A) and extending your tender offer so that at least five business days remain in the offer following dissemination. We remind you that you are responsible for determining whether the offering document and schedule contain any untrue statements of material fact or omit information necessary to make the information contained therein not misleading.

In response to the Staff’s Comment, the Company has filed the Amendment to extend the offer until November 30, 2012. As soon as practicable, the Company intends to file an amendment to its Form 10-K for the year ended December 31, 2011 containing restatements of its consolidated financial statements as of and for the years ended December 31, 2009, 2010 and 2011 (the “10-K Amendment”) and will shortly thereafter file an amendment to the Schedule TO to incorporate this disclosure by reference and distribute revised summary financial data to the


November 6, 2012

Page Two

 

warrant holders. The Company currently anticipates that the filing of the 10-K Amendment and the dissemination of this information will occur at least five business days prior to the expiration of the offer, as extended in the Amendment. If the Company is unable to file the 10-K Amendment and disseminate the information on that schedule, the Company will file an additional amendment to the Schedule TO to extend the offer until at least five business days following the filing of the 10-K Amendment and dissemination of the information. We also note that the Amendment incorporates by reference the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2012 (the “3Q 10-Q”). The 3Q 10-Q includes restatements of the financial statements for the three and nine month periods ended September 30, 2011.

Pursuant to the Staff’s letter, the Company hereby acknowledges that:

 

   

the Company is responsible for the adequacy and accuracy of the disclosure in the filing;

 

   

Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and

 

   

the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 

Very truly yours,
By:  

/s/ Brent B. Siler

  Brent B. Siler
  Cooley LLP

 

cc: Matthew J. Desch, Chief Executive Officer, Iridium Communications Inc.

Thomas D. Hickey, Chief Legal Officer, Iridium Communications Inc.

Brian F. Leaf, Cooley LLP