Eutelsat Communications Successfully Issues €1.5 Billion in Senior Notes

Eutelsat Communications S.A. has announced the successful issuance of €1,500 million in senior notes. The offering includes €850 million in notes maturing in 2031, with an interest rate of 5.750%, and €650 million maturing in 2033, with a rate of 6.250%. These notes are guaranteed by Eutelsat S.A. and OneWeb Holdings Limited.

The raised capital aims to redeem earlier debts, particularly €600 million notes due in 2027 and 2029, as well as to repay a term loan and credit facility from 2021. Additionally, it will cover expenses related to the offering and support cash reserves.

The issuance is expected to finalize on March 5, 2026, pending typical conditions. The offering targets non-U.S. investors under Regulation S and institutional buyers under Rule 144A in the U.S.