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Satellite navigation solutions specialist Trimble has issued a US$400m senior bond and is set to secure a US$1bn revolver with a US$50m letter of credit to refinance existing debt.
The US-based company’s notes, which carry a 4.75% coupon, mature in 2024 and were priced at 99.205%.
Indonesia’s Pasifik Satelit Nusantara has ordered a satellite from Space Systems Loral to take the place of a planned all-electric bird that it announced last year with Boeing.
The satellite, named once again as PSN VI, will have C-band and Ku-band transponders for services across South East Asia, and also a high throughput payload that will target Indonesia.
DTH provider Sky (formerly BSkyB) has raised £1.75bn (US$2.75bn) in a quadruple-tranche multi-currency senior unsecured bond offering.
The company issued £450m (US$706m) of 2.875% notes due 2020, €850m (US$1.06bn) of 1.875% notes due 2023, £300m (US$470.5m) of 4% notes due 2029, and €400m (US$501m) of 2.75% notes due 2029.
US DTH giant Dish Network’s shares jumped nearly 4% yesterday as the country’s AWS-3 spectrum auction broke through its US$10.1bn reserve price in less than a week.
The strong start is a boost for Dish because the mid-band spectrum on offer is similar to frequencies it already owns.
IP-based communications solutions provider Level 3 Communications has priced a US$600m bond as it looks to refinance its existing debt.
The senior unsecured eight-year notes carry a 5.75% interest rate and priced at par.
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