Business
Eutelsat Communications S.A. announces offering of €1,500 million senior notes
LONDON, February 23, 2026-- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
About this update from Eutelsat Communications Sa
[{"type":"text","content":"LONDON, February 23, 2026--(BUSINESS WIRE)--","length":44,"tagName":"p"},{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.","length":142,"tagName":"p"},{"type":"text","content":"THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, OR TO OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS BEING MADE IN THE UNITED STATES.","length":342,"tagName":"p"},{"type":"text","content":"Eutelsat Communications S.A. (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) (the "Company") announces today that it has launched an offering (the "Offering") of €1,500 million in aggregate principal amount of new Euro-denominated senior notes (comprised of senior notes due 2031 and senior notes due 2033) (the "Notes"). It is intended that the Notes will be guaranteed by Eutelsat S.A. and OneWeb Holdings Limited. The completion of the Offering is subject to market conditions.","length":529,"tagName":"p"},{"type":"text","content":"The Company intends to use the gross proceeds from the Offering, if completed, together with drawings under the new facility in an initial principal amount of €400 million made available under the new credit facilities agreement signed on November 13, 2025, to (i) redeem in full Eutelsat S.A.’s €600 million 2.25% notes due 2027, (ii) redeem in full Eutelsat S.A.’s €600 million 9.750% notes due 2029 (the "2029 Notes"), (iii) repay and cancel in full the term loan and the revolving credit facility made available to the Company under the facilities agreement entered into on June 25, 2021, (iv) pay the fees and expenses related to the Offering and the entry into the new credit facilities agreement, along with the accrued interest on the indebtedness repaid as part of the transactions (including the make-whole premium payable in connection with the redemption of the 2029 Notes), and (v) fund cash on balance sheet.","length":932,"tagName":"p"},{"type":"text","content":"****************","length":16,"tagName":"p","attribs":{}},{"type":"text","content":"Important notice",...