LONGMONT, Colo. – DigitalGlobe and GeoEye announced the completion of their combination. The combined company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI.  Based on the closing price of DigitalGlobe stock on Jan. 30, the combined company has a market capitalization of $2.1 billion.

“With a stronger financial profile, more robust suite of services and among the world’s most advanced geospatial production and analysis capabilities, we will be even better positioned to meet customers’ needs and create value for shareowners,” said Jeffrey R. Tarr, president and CEO of DigitalGlobe.

As a result of the combination, DigitalGlobe is now uniquely positioned to provide a wider array of earth imagery and geospatial analysis to help customers solve complex problems and compete in a high-growth and dynamic global market. Together, the combined company will have:

Tarr continued, “We have a deep bench of talented and experienced team members from both GeoEye and DigitalGlobe, and I am confident that, together, we will continue to raise the bar for innovation and service in our industry. I look forward to working closely with our board of directors, our leadership and all of our team members to ensure a seamless transition for our customers worldwide.”

In connection with the combination with GeoEye, DigitalGlobe has entered into new senior secured credit facilities in the aggregate amount of $700 million. The facilities consist of a term loan facility of $550 million and a revolving credit facility of $150 million. The company has borrowed the full amount of the term loan facility to fund the combination with GeoEye and to refinance certain existing indebtedness of GeoEye and DigitalGlobe. The revolving credit facility remains undrawn at closing.