Space42 US$695.5m ECA-backed facility for Al Yah 4 and Al Yah 5
Finances two Airbus Eurostar Neo geostationary satellites (Al Yah 4 and Al Yah 5), launching 2027 and 2028, to replace Al Yah 1 and 2
Key terms
- Borrower or issuer
- Space42
- Date
- 23 Jul 2025
- Type
- Export credit
- Amount
- US$695.5m
Recorded terms
- Structure
- Export credit agency-backed term facility covered by Bpifrance Assurance Export
- Lenders and arrangers
- Crédit Agricole CIB, Santander CIB, Societe Generale and Natixis Corporate & Investment Banking (arrangers), with Bpifrance Assurance Export cover
- Country
- United Arab Emirates
Parties
- Space42 borrower or issuer
- Lenders: Credit Agricole CIB, Societe Generale, Santander, Natixis
- Public lenders and funders: Bpifrance
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More from Space42
| Date | Financing | Type | Amount |
|---|---|---|---|
| Jun 2021 | Yahsat US$700.5m hybrid financing for Thuraya-4 NGS | Export credit | US$700.5m |
Sources
- Space42 press release: Space42 secures US$695.5 million facility to fund next-generation UAE satellites space42.ai · 23 Jul 2025
- Emirates News Agency (WAM): Space42 secures $695.5 million facility wam.ae · 23 Jul 2025
About this record
Record ORB-2025-0021, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Export credit agencies lend or guarantee against an export contract, which lowers pricing and stretches tenor for the buyer.
