Eutelsat, Satmex to redeem all $359.96 million of 9½% senior notes

By Tali Rackner

Norfolk, Va., April 11 - Eutelsat Communications SA and wholly owned subsidiary Satelites Mexicanos, SA de CV plan to redeem all $359,956,000 of Satmex's 9½% senior notes due May 15, 2017, according to a 6-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 104.75 plus accrued interest on May 15.

The redemption will be funded with the proceeds of Eutelsat SA's €930 million of 2 5/8% six-year senior notes, which were issued in December.

Eutelsat is a communications satellites operator. Satmex is a satellite service provider based in Mexico City.

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