Inmarsat US$400m 6.500% senior notes due 2024
Repay the EIB facility (about US$107m) and general corporate purposes
Key terms
- Borrower or issuer
- Inmarsat
- Date
- 15 Sep 2016
- Type
- Bond
- Amount
- US$400m
- Pricing
- 6.500% coupon; issued at par
- Maturity
- 2024
Recorded terms
- Structure
- Senior notes issued by Inmarsat Finance plc, guaranteed by Inmarsat Group Limited; issue date 22 September 2016
- Country
- United Kingdom
Parties
- Inmarsat borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Jul 2016 | Hughes Satellite Systems US$1,500m senior notes (2 tranches) | Bond | US$1.5bn |
| 17 Nov 2016 | Telesat US$500m 8.875% senior notes due 2024 | Bond | US$500m |
| 23 Nov 2016 | SES €550m hybrid bonds (2016) | Bond | €550m |
| 16 Jun 2016 | Eutelsat €500m 1.125% bond due 2021 | Bond | €500m |
| 3 Jun 2016 | SES €750m 4.625% hybrid bonds (2016) | Bond | €750m |
More from Inmarsat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Mar 2024 | Inmarsat US$1.85bn term loan and revolver refinancing (2024) | Bank facility | US$1.85bn |
| 12 Dec 2019 | Inmarsat US$2.45bn take-private bank facilities (2019) | Bank facility | US$2.45bn |
| Oct 2019 | Inmarsat US$2.08bn 6.75% senior secured notes due 2026 (take-private financing) | Bond | US$2.08bn |
| 31 Aug 2016 | Inmarsat US$650m 3.875% convertible bonds due 2023 | Convertible | US$650m |
M&A and investment involving Inmarsat
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 May 2023 | Viasat acquisition of Inmarsat | M&A | US$7.3bn |
| Dec 2019 | Connect Bidco take-private of Inmarsat | M&A | Not disclosed |
Sources
- Inmarsat prices successful offering of $400 million Senior Notes (archived company release) web.archive.org · 15 Sep 2016
About this record
Record ORB-2016-0011, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
