Eutelsat closes bond offer, unlocking $4.06 billion in financing for OneWeb refresh, Iris2 investment

by Peter B. de Selding

LA PLATA, Maryland — Satellite fleet operator Eutelsat on March 5 closed a two-tranche debt facility totaling 1.5 billion euros ($1.74 billion) that unlocked previously negotiated financing from the French export-credit agency, Bpifrance (1 billion euros), the European Investment Bank (200 million euros) and a 900-million-euro senior debt package to refinance existing loans.

Coupled with 1.498 billion euros from two capital raises in late 2025, which included the arrival of the French government as Eutelsat’s largest shareholder, the company has raised nearly . . .

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