EUTELSAT COMMUNICATIONS (EPA:ETL) Eutelsat update on Satmex acquisition financing

Transparency directive : regulatory news

28/11/2013 17:42

PR/103/13

Eutelsat update on Satmex acquisition financing

Paris, 28 November 2013 - Eutelsat S.A., rated BBB (negative outlook) by
Standard & Poor's and Baa2 (credit watch negative) by Moody's Investors Service
(Moody's), the operating company of Eutelsat Communications, has mandated Banca
IMI, Crédit Agricole CIB, Mitsubishi UFJ Securities and Société Générale
Corporate & Investment Banking to arrange a series of fixed income investor
meetings starting December 4. Subject to market conditions, a senior unsecured
euro denominated bond issue may follow in view of the funding requirements in
connection with the acquisition of Satmex, which will be fully debt-financed.

As a reminder, on 1 August, following the announcement by the Group of the
acquisition of Satmex, Moody's has put Eutelsat S.A.'s issuer Baa2 rating and
Eutelsat Communications' senior unsecured bank credit facility Baa3 rating
under review. Moody's indicated that the Satmex acquisition could result in a
downgrade of the credit ratings by a notch, depending on the ultimate structure
of the transaction.

About Eutelsat Communications
With capacity commercialised on 31 satellites delivering reach of Europe, the
Middle East, Africa, Asia, significant parts of the Americas and the
Asia-Pacific, Eutelsat Communications (Euronext Paris: ETL, ISIN code:
FR0010221234) is one of the world's leading satellite operators. As of
30 September 2013, Eutelsat's satellites were broadcasting more than 4,700
television channels to over 200 million cable and satellite homes in Europe,
the Middle East and Africa. The Group's satellites also provide a wide range of
services for TV contribution, corporate networks and fixed and mobile broadband
markets. Headquartered in Paris, Eutelsat and its subsidiaries employ over 780
commercial, technical and operational professionals from 30 countries.
www.eutelsat.com

Press
Vanessa O'Connor        Tel: + 33 1 53 98 37 91     voconnor@eutelsat.fr
Frédérique Gautier      Tel: + 33 1 53 98 37 91     fgautier@eutelsat.fr
Marie-Sophie Ecuer      Tel: + 33 1 53 98 37 91     mecuer@eutelsat.fr
Investors and analysts
Leonard Wapler          Tel. : +33 1 53 98 35 30
                        investors@eutelsat-communications.com
Cédric Pugni            Tel. : +33 1 53 98 35 30
                        investors@eutelsat-communications.com

www.eutelsat.com - Follow us on Twitter @Eutelsat SA and Facebook Eutelsat.SA

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