(CercleFinance.com) – The satellite operator SES announced on Friday evening that it had obtained a loan of 300 million euros from the European Investment Bank (EIB).
This financing has a period of 18 months during which the Luxembourg-based group will be able to carry out several drawdowns, subject to the conditions usually offered by the European bank.
This loan provides for the granting of fixed or variable rates, as well as a maturity likely to reach seven years.
In a laconic press release, SES recalls that it is rated ‘Baa2’, with a ‘negative’ outlook by Moody’s and ‘BBB’, with a ‘stable’ outlook at Fitch.
SES plans to reveal more about the terms of the loan at a press conference to be held on January 11.
For the record, the group announced on Friday the successful launch of its two new next-generation ‘O3b mPpower’ satellites aboard a SpaceX Falcon 9 rocket from Cape Canaveral in Florida.
SES also announced on Friday that it has signed a contract with Vodafone to provide ‘4G+’ connectivity services in the Cook Islands, South Pacific, from its fleet of O3b mPower devices.
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