Eutelsat is in the market with a EUR 1.5 bn equivalent senior unsecured notes offering comprising five-year and seven-year tranches, along with a EUR 400 mn term loan offering. Proceeds from the offerings will be used to repay subsidiary Eutelsat SA’s EUR 600 mn senior unsecured bonds due 07/27 and EUR 600 mn senior unsecured notes due 04/29, as well as the issuer’s EUR 400 mn term loan due 06/27. The proceeds will also be used to place EUR 215 mn of cash on balance sheet and pay transaction fee...
In today's Morning Views publication we comment on developments of the following high yield issuers: Gestamp, Nomad Foods (Iglo), Odigeo, Telecom Italia, Techem, Ahlstrom, Azelis, Tullow Oil, Cirsa, Ardagh Metal Beverage Packaging, Ardagh, Centrient, Ineos, Forvia (formerly Faurecia), Encore Capital (formerly Cabot)
Eutelsat Communications is offering € 1.5bn of new unsecured notes split into two tranches (5NC2 and 7NC3). Net proceeds from the issue and a new € 400m term loan will serve to redeem the existing outstanding 2027 and 2029 notes at Eutelsat SA, repay an existing € 400m term loan at Eutelsat Communications and for general corporate purposes. We estimate fair yields of 5.9% (5NC2) and 6.4% (7NC3).
Eutelsat Communications is offering € 1.5bn of new unsecured notes split into two tranches (5NC2 and 7NC3). Net proceeds from the issue and a new € 400m term loan will serve to redeem the existing outstanding 2027 and 2029 notes at Eutelsat SA, repay an existing € 400m term loan at Eutelsat Communications and for general corporate purposes. We estimate fair yields at 5.9% (5NC2) and 6.4% (7NC3).
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.