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Eutelsat successfully refinances debt

Satellite operator Eutelsat has successfully refinanced all debt that was due in November next year, the company has announced.

Eutelsat has successfully placed a €850m Eurobond issue and has concluded a new five-year unsecured revolving credit facility for €450m due in 2015.

As a result of the refinancing exercise, Eutelsat has extended the maturity of its financing from 2.7 years as of December last year to 5.3 years.