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Eutelsat S.A. successful 5-year bond issuance

Press release   •   Jun 16, 2016 19:56 CEST

  • Launch and pricing by Eutelsat S.A. of a €500 million 1.125 percent Eurobond due 2021 to refinance March 2017 Bond
  • Positive impact of €30 million per annum on financial charges


Paris, 16 June 2015
- Eutelsat Communications (NYSE Euronext Paris: ETL) today announced the successful issue by Eutelsat S.A. of 5-year senior unsecured bonds (the “Bonds”) for a total of €500 million.

Eutelsat has taken advantage of the current competitive market environment to raise long-term financing with a 5-year maturity at attractive conditions. The transaction was well received by a diversified investor base and was significantly over-subscribed, demonstrating the market’s confidence in Eutelsat’s long-term business model.

The Bonds will be issued at 99.894 percent and, at maturity, will be redeemed at 100 percent of their principal amount. They will have a coupon of 1.125 percent per annum and will be cleared through Euroclear France, Clearstream and Euroclear. An application will be made for the Bonds to be listed on the Official List and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The Bonds will mature on 23 June 2021. Delivery and settlement are expected on 23 June 2016.

Together with other sources of cash on its balance sheet the Bonds will enable Eutelsat to redeem at maturity the outstanding Bonds issued on 26 March 2010 for a total principal amount of €850 million, bearing interest on its principal amount at a fixed rate of 4.125 percent.

As a result of this operation Eutelsat will extend its debt maturity profile and will reduce its financial charges by circa €30 million before tax on an annualised basis from March 2017 onwards.

Global Coordinator: Société Générale

Joint-bookrunners: Banca IMI S.p.A., HSBC, SMBC Nikko and Société Générale

Co-lead managers:Landesbank Hessen-Thüringen Girozentrale

About the Bonds:

Issuer: Eutelsat S.A.

Amount: €500 million

Coupon: 1.125 percent

Maturity: 23 June 2021

Settlement Date: 23 June 2016

Market: Official List and Regulated Market of the Luxembourg Stock Exchange


About Eutelsat Communications

Established in 1977, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world's leading and most experienced operators of communications satellites. The company provides capacity on 39 satellites to clients that include broadcasters and broadcasting associations, pay-TV operators, video, data and Internet service providers, enterprises and government agencies.

Eutelsat’s satellites provide ubiquitous coverage of Europe, the Middle East, Africa, Asia-Pacific and the Americas, enabling video, data, broadband and government communications to be established irrespective of a user’s location.

Headquartered in Paris, with offices and teleports around the globe, Eutelsat represents a workforce of 1,000 men and women from 37 countries who are experts in their fields and work with clients to deliver the highest quality of service.

For more about Eutelsat please visit www.eutelsat.com

Press
Vanessa O’Connor Tel: + 33 1 53 98 37 91 voconnor@eutelsat.com
Marie-Sophie Ecuer Tel: + 33 1 53 98 37 91 mecuer@eutelsat.com
Violaine du Boucher Tel: + 33 1 53 98 37 91 vduboucher@eutelsat.com

Investors and analysts
Joanna Darlington Tel. : +33 1 53 98 35 30 jdarlington@eutelsat.com
Cédric Pugni Tel. : +33 1 53 98 35 30 cpugni@eutelsat.com


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