Satmex Readies New Bond

Satmex Readies New Bond

Bonds Corporate & Sovereign Strategy

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 plans to visit the rest of the US next week, investors say. Under the reorganization plan, accepted by m

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