Satmex Readies New Bond

Apr 19, 2011

Mexico’s Satmex is preparing to sell $325m in new 2017 NC3 bonds to replace exit financing it received in February to support a bankruptcy reorganization plan that was accepted by courts last week. According to investors, the satellite operator plans to use proceeds to pay off creditors and to help launch a new satellite. It will meet investors in London and Miami this week, with less defined...

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