Multinational - O3B Satellite Project

The project consists of the design, construction, launch and operation of a constellation of 12 medium earth orbit satellites providing affordable broadband connectivity to the unserved areas of the world, including Africa. O3B will provide services to telecom operators, Internet service providers and other businesses requiring broadband connection, primarily in emerging markets and other densely populated areas of the world. The total cost of the project is US $ 1.29 billion. The debt financing is broken down as follows: (i) a US $ 595 million facility covered by a COFACE guarantee; (ii) a US $ 85 million trade facility and (iii) a US $ 145 million mezzanine credit facility.