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ARTICLE · 03 OCTOBER 2013

Space Business Review September 2013

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A monthly round-up of space industry developments for the information of our clients and friends.

United StatesStrategy

A monthly round-up of space industry developments for the information of our clients and friends.

AVANTI $370M NOTES OFFERING

On September 27, satellite data communications company Avanti Communications Group PLC (Avanti) completed its inaugural bond issuance by successfully placing $370m in Senior Secured Notes due 2019 with a coupon of 10%. Avanti plans to use the net proceeds of the offering primarily to refinance existing debt facilities, affording the company a more flexible financing structure in addition to extending its debt maturity profile to 2019. Jefferies LLC and UBS Investment Bank served as Joint Global Coordinators for the offering. Avanti was advised on the offering by Rothschild.

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