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Advent International has lined up financing from direct lenders to fund its $6.4bn acquisition of satellite operator Maxar Technologies. Continue reading Advent taps direct lenders for Maxar acquisition financing
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Kacific Broadband Satellites Group has obtained long-term loans totaling $160 million from an Asian development bank and a private sector European institutional investor as it prepares to launch its first payload, Kacific1. Continue reading Kacific secures loans ahead of debut satellite launch
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Satellite manufacturer Maxar Technologies has priced a high yield bond offering while reducing the size of the deal from its original target of $1.25 billion to $1 billion. Continue reading Maxar raises less than expected with high yield bond sale
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Despite satellite operator Inmarsat’s earlier rejection of calls from activist shareholders to delay a pending $3.4 billion purchase of the company, the date of the final hearing has been pushed back to allow the court to “hear representations by interested parties.” Continue reading Acquisition of Inmarsat delayed after activists pile in
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British satellite operator Inmarsat has rebuffed a request by investor Oaktree Capital Management to delay its acquisition by a consorium of private equity and pension fund investors. Continue reading Inmarsat investor Oaktree seeks to delay take-private deal
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xar Technologies, which makes satellites and related equipment, has launched a private offering of senior secured notes totaling $1.25 billion to refinance existing debt. Continue reading Satellite maker Maxar launches debt offering
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A €500 million eight-year bond offering from Luxembourg-based satellite company SES attracted strong demand from investors when it was priced on Oct. 28. Continue reading SES wins more than €2.5 billion of orders for €500 million bond
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Richard Branson’s space travel company, Virgin Galactic, was listed on the New York Stock Exchange on 28 October after opting for a merger with a special purpose acquisition company (SPAC) rather than a traditional initial public offering (IPO). Continue reading Virgin Galactic sidesteps IPO, goes public via merger
International Launch Services has appointed Tiphaine Louradour, a former senior executive at United Launch Alliance, as its new president, replacing Kirk Pysher, who left the company several months ago. Continue reading New leadership at ILS
Satellite telecommunications company Inmarsat has been delisted from the London Stock Exchange as a result of its acquisition by a group of private equity and pension fund managers. Continue reading Inmarsat delisted after private equity takeover
The bookrunners on a $1.25 billion high yield bond for satellite manufacturer Maxar Technologies have communicated price talk to would-be investors and set a deadline for orders. Continue reading Price talk circulates for Maxar bond
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