Eutelsat readies financing package
December 3, 2013
By Chris Forrester
Paris-based satellite operator Eutelsat will start meeting with potential lenders on December 4th for its planned borrowing of around €1 billion in financing for its purchase of Mexico’s SatMex satellite operating company.
Eutelsat is using its Eutelsat SA holding company to secure the loan and says it has mandated Banca IMI, Crédit Agricole CIB, Mitsubishi UFJ Securities and Société Générale Corporate & Investment Banking, to arrange the funding. “Subject to market conditions, a senior unsecured euro denominated bond issue may follow in view of the funding requirements in connection with the acquisition of Satmex, which will be fully debt-financed,” says Eutelsat.