Brief: Sats Prices $500 Million Notes Due 2029

Sats

17/01/2024 24:13

Jan 17 (Reuters) - SATS Ltd  SATS.SI :
    * LAUNCH AND PRICING OF INAUGURAL ISSUE OF US$500 MILLION
4.828%
FIXED RATE SENIOR UNSECURED NOTES DUE 23 JANUARY 2029
    * PROCEEDS FROM NOTES ISSUANCE WILL BE APPLIED ENTIRELY TO
REFINANCE PART OF SATS' EXISTING EUR 1BN BRIDGE LOANS MATURING
IN MAY 2024
    * REFINANCING EXERCISE WILL RESULT IN AN "ALL-IN" INTEREST
SAVING
OF S$8.8 MILLION PER YEAR

Source text for Eikon:  ID:nSN1Ltv5C 
Further company coverage:  SATS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))