02 March 2011
A stellar transaction
Banco Santander, Deutsche Bank, Natixis, Mediobanca International and Société Générale CIB (SG CIB) as bookrunners and mandated lead arrangers led a tailored $1.8 billion transaction for Iridium Communications to finance the design and manufacture of its next-generation satellite constellation, consisting of 81 new satellites, dubbed Iridium NEXT. The financing was crucial to the firm’s plans to replace its existing Block 1 Constellation of 66 satellites. The total project cost for the new satellites is estimated at $2.9 billon which will be funded by a mixture of the operating cash as...
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04 Jun 12 - 05 Jun 12 | The St. Regis, Washington DC, Washington DC
14 Jun 12 - 15 Jun 12 | President Wilson Hotel, Geneva
04 Jul 12 - 05 Jul 12 | Grand Hyatt, Singapore
Russian companies have certainly become more sophisticated in their approach to the market and realise that it is not simply about the cheapest cost of funding. It is also about having longer-term capital structures in place.
William Husband, head of metals and mining with Citi Global Banking, based in Moscow.
