27th Sep 2013 09:58
LONDON (Alliance News) - Avanti Communications Group PLC, a satellite data communications company, Friday said it successfully placed USD370 million in senior secured notes due 2019 with a coupon of 10% and will use the funds to refinance its current debt and give it more financial flexibility.
The company also said it has reached a deal with the European Space Agency to acquire the Artemis satellite for a nominal sum.
Avanti shares were down 1.9% at 240 pence Friday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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