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Mark Donahue Mark Donahue is an associate editor for Telephony magazine. Previously, he worked in The Associated Press’ Chicago bureau, as well as two trade publications. He graduated from...more

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Avanti Communications Group plc: Placing of £86m plus £194m Debt Facilities to Fund Proposed HYLAS 2 satellite launch


LONDON, Dec. 21/BUSINESSWIRE/


Highlights



  • £86 MILLION RAISED THROUGH NEW AND EXISTING INSTITUTIONAL INVESTORS

  • £194 MILLION DEBT FACILITIES TO BE PROVIDED OR GUARANTEED BY US AND FRENCH EXPORT CREDIT AGENCIES AT RATES BELOW 6%

  • SECOND SATELLITE TO LAUNCH IN 2012 TO PROVIDE KA BAND BROADBAND SERVICES IN EUROPE MIDDLE EAST AND AFRICA


Background and details of the Placing


Avanti Communications Group plc (AIM: AVN), (”Avanti” or “the Company”), the broadband satellite operator, is pleased to announce a placing (”Placing”) of 21,500,000 new ordinary shares of 1p each in the Company (”Placing Shares”) to be carried out by Cenkos Securities plc (”Cenkos”) with new and existing institutional investors at a placing price of 400p per ordinary share of 1p each in the Company (”Ordinary Shares”). The Placing, which is conditional, inter alia, more

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Related Topics: Access, Global, Broadband, Other |

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