Eutelsat Completes Comprehensive €5 Billion Refinancing Plan

On March 6, 2026, Eutelsat announced the closing of a €1.5 billion bond offering, finalizing its refinancing plan. This marks the conclusion of a €5 billion equity and debt financing strategy, supported by major shareholders. The aim is to support the deployment of LEO satellite activities and boost financial flexibility by reducing debt. In late 2025, Eutelsat executed a successful €1.5 billion equity raise, leading to rating upgrades from Moody’s and Fitch.

The refinancing plan included a €900 million Senior Facilities Agreement and a €1 billion Export Credit Agency financing. The strategy also involved an amendment with the European Investment Bank. Eutelsat issued €1.5 billion in senior unsecured notes to streamline its capital structure. This multi-stage reorganisation positions Eutelsat to enhance operations and support new satellite deployments. Chief Financial Officer Sebastien Rouge stated that the plan strengthens the group's financial foundation.