Yahsat US$700.5m hybrid financing for Thuraya-4 NGS
Bought out the existing Thuraya project finance debt and financed the Airbus-built Thuraya-4 NGS satellite (launched January 2025)
Key terms
- Borrower or issuer
- Space42
- Date
- Jun 2021
- Type
- Export credit
- Amount
- US$700.5m
Recorded terms
- Structure
- Hybrid financing including a US$300.5m long-term ECA-covered facility
- Lenders and arrangers
- Natixis CIB (ECA structuring bank, mandated lead arranger and agent) with 12 other mandated lead arrangers; SFIL participated via the export credit; ECA tranche 95% covered by Bpifrance Assurance Export, reinsured by UK Export Finance and Euler Hermes
- Country
- United Arab Emirates
Parties
- Space42 borrower or issuer
- Lenders: Natixis
- Public lenders and funders: UK Export Finance, Bpifrance, Euler Hermes / Allianz Trade, SFIL
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|---|---|---|---|
| 30 Sep 2026 | Astranis US$468m EXIM credit facility (Make More in America) | Export credit | US$468m |
| 9 Sep 2026 | CesiumAstro US$280m EXIM credit agreement (Make More in America) | Export credit | US$280m |
| 11 Feb 2026 | Eutelsat export credit financing for OneWeb LEO satellites | Export credit | €975m |
| 21 Jan 2026 | Viasat US EXIM direct loan for ViaSat-3 F1 launch and insurance | Export credit | US$188.7m |
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More from Space42
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Jul 2025 | Space42 US$695.5m ECA-backed facility for Al Yah 4 and Al Yah 5 | Export credit | US$695.5m |
Sources
- Natixis CIB: Natixis CIB supports Yahsat in a US$700.5m hybrid financing home.cib.natixis.com · 16 Nov 2021
- SFIL: A next-generation telecommunications satellite for the Middle East sfil.fr · 2021
About this record
Record ORB-2021-0008, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
