Eutelsat tightens talk on €600 million five-year notes to 9¾%-10%; books close Wednesday

By Paul A. Harris

Portland, Ore., March 27 – Eutelsat SA tightened talk on its €600 million offering of five-year senior notes (Ba3/B+/BB+) on Wednesday, according to market sources.

Revised talk has the notes pricing in a 9¾% to 10% range versus earlier official talk that had them coming in a yield range of 10% to 10¼%.

Books were scheduled to close late Wednesday afternoon, London-time.

The notes are non-callable for two years.

BNP Paribas is leading the Regulation S and Rule 144A deal.

Proceeds will be used for the partial refinancing of the company’s 2% senior notes due 2025.

Eutelsat is a Paris-based telecommunications company and satellite operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.