Eutelsat has issued seven-year senior unsecured bonds for a total of €800 million, taking advantage of what it termed as a “current competitive market” for raising long-term financing.
“The Bonds will enable Eutelsat to redeem at maturity the outstanding bonds issued on 14 December 2011 for a total principal amount of €800 million, bearing interest on its principal amount at a fixed rate of 5.0% per annum and due January 2019,” said Eutelsat in a statement.
The transaction is expected to maximise Eutelsat’s free-cash-flow and reduce pre-tax cash interest by some €24 million on an annualised basis from full year 2019-20. It will also allow Eutelsat to extend its debt maturity profile.
RT @NeuLionLLC: We are honored to receive the Over-the-top TV Service of the Year Award at the Content Innovation Awards 2018 for our techn
15 October 2018 @ 17:55:47 UTC