Eutelsat S.A. Announces Successful New 10-Year Bond Issuance

PARIS, October 1, 2012 /PRNewswire/ --

  • Launch and pricing by Eutelsat S.A. of a €300 million 3.125% Eurobond due 2022
  • Extension of average maturity profile for Eutelsat Communications Group debt to 5.5 years

Eutelsat Communications (Euronext Paris: ETL) announced today the successful new issuance by Eutelsat S.A. of 10-year senior unsecured bonds (the "Bonds") for a total of €300 million.

The order book for the Bonds reached more than €1.5 billion, demonstrating the market's confidence in the long term business model of the Eutelsat Group. The Bonds will be issued at 99.148 percent and redeemed at 100 per cent of their principal amount and will have a coupon of 3.125 percent per annum. The Bonds will be cleared through Clearstream and Euroclear. Application has been 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 the 10th anniversary of their issue. The delivery and settlement of the Bonds are expected to occur on 9 October 2012.

As a result of this new financing, the Eutelsat Communications Group will extend the weighted maturity of its financing from 5.2 years at 30 June 2012 to 5.5 years today.

The Company was able to take advantage of the very competitive current market environment to raise long-term financing with a 10-year maturity at attractive conditions.

Joint-bookrunners: Crédit Agricole Corporate and Investment Bank and Société Générale Corporate & Investment Banking

About the Bonds:

Issuer:  Eutelsat S.A.

Amount:  € 300 million

Coupon:  3.125%

Maturity:  10 years

Market:  Official List of the Luxembourg Stock Exchange (Regulated Market)

About Eutelsat Communications

Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A. With capacity commercialised on 29 satellites that provide coverage across Europe, as well as the Middle East, Africa and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators. As of 30 June 2012 Eutelsat's satellites were broadcasting more than 4,250 television channels to over 200 million cable and satellite homes in Europe, the Middle East and Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates high speed Internet services through teleports in France and Italy that serve consumers, enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ just over 750 commercial, technical and operational professionals. This culturally diverse staff comprises employees from 30 countries. http://www.eutelsat.com

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.

France

This document shall not be construed as an offer to the public as defined under article L.411-1 of the French Code monétaire et financier to the extent that the bonds will have a denomination of €100,000 and will only be offered to (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers), and/or (ii) qualified investors (investisseurs qualifiés) acting for their own account as defined in, and in accordance with Articles L.  411-1, L.411-2, and D.411-1 to D. 411-3 of the French Code monétaire et financier.

United States

Neither this document nor any copy of it maybe taken, transmitted or distributed, directly or indirectly, in or into the United States its territories or possessions or to any US person (as defined in Rule 902 of Regulation S under the US Securities Act of 1933, as amended (the "U.S. Securities Act")). This document does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended, or exempt from registration. The Bonds have not been and will not be registered under the U.S. Securities Act and Eutelsat SA does not intend to make a public offer of the Bonds in the United StatesAny failure to comply with these restrictions may constitute a violation of United States securities law.

United Kingdom

This document is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (amended, the "Financial Promotion Order"), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of the Financial Promotion Order, or (iii) are outside the United Kingdom, (all such persons together being referred to as "relevant persons"). Neither this document nor any of its contents must be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available to relevant persons only and will be engaged in only with relevant persons.

Italy

The offering of the Bonds has not been registered pursuant to Italian securities legislation and this document shall not be distributed in the Republic of Italy (Italy) except (i) to qualified investors (investitori qualificati), pursuant to Article 100 of Legislative Decree No. 58 of 24 February 1998 (the Consolidated Financial Services Act) and Article 34-ter, paragraph 1, letter (b) of CONSOB regulation No. 11971 of 14 May 1999 (the CONSOB Regulation), all as amended and restated from time to time or (ii) in any other circumstances where an express exemption from compliance with the restrictions on offers to the public applies, as provided under Article 100 of the Consolidated Financial Services Act and Article 34-ter of the CONSOB Regulation No. 11971, in each case in compliance with Italian law and regulations or requirement imposed by CONSOB or any other Italian authority.

 


SOURCE Eutelsat Communications




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