Eutelsat Communications S.A. Announces the Success of Its Offering of €1,500 Million Senior Notes

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Eutelsat Communications S.A. (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) (the “Company”) announced today the success of its offering (the “Offering”) of €1,500 million aggregate principal amount of its senior notes, consisting of €850 million aggregate principal amount of senior notes due 2031 (the “2031 Notes”) and €650 million aggregate principal amount of senior notes due 2033 (the “2033 Notes”, and together with the 2031 Notes, the “Notes”). The Notes will be guaranteed by Eutelsat S.A. and OneWeb Holdings Limited.

The 2031 Notes will bear interest at an annual rate of 5.750% and will be issued at a price of 100% of their par value. The 2033 Notes will bear interest at an annual rate of 6.250% and will be issued at a price of 100% of their par value.

The Company intends to use the gross proceeds from the Offering, if completed, together with drawings under the new facility in an initial principal amount of €400 million made available under the new credit facilities agreement signed on November 13, 2025, to (i) redeem in full Eutelsat S.A.’s €600 million 2.25% notes due 2027, (ii) redeem in full Eutelsat S.A.’s €600 million 9.750% notes due 2029 (the “2029 Notes”), (iii) repay and cancel in full the term loan and the revolving credit facility made available to the Company under the facilities agreement entered into on June 25, 2021, (iv) pay the fees and expenses related to the Offering and the entry into the new credit facilities agreement, along with the accrued interest on the indebtedness repaid as part of the transactions (including the make-whole premium payable in connection with the redemption of the 2029 Notes), and (v) fund cash on balance sheet.