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 Â450m 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.
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