Eutelsat raises €1.5 billion through a senior bond offering

Eutelsat Communications SA has announced the successful completion of its senior bond offering, totaling €1.5 billion. The offering is divided into two tranches: €850 million of 5.750% bonds maturing in 2031 and €650 million of 6.250% bonds maturing in 2033, all issued at their nominal value. These bonds are guaranteed by Eutelsat SA and OneWeb Holdings Limited.

The funds will be used to repay two bonds of €600 million each, bearing interest rates of 2.25% and 9.75%, maturing in 2027 and 2029 respectively. They will also cover the costs associated with the transaction and the termination of certain outstanding loans. The settlement date is set for March 5, 2025.