Americas Markets - Latest Developments
SES S.A. (Euronext Paris:SESG) (LuxX:SESG) today announced the pricing of an inaugural hybrid bond offering. SES has agreed to sell EUR 750 million of Deeply Subordinated Fixed Rate Resettable Securities and Coupon of 4.625%.
Satelite operator Intelsat S.A. today announced that its subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), has extended the early tender date for its previously announced tender offers (the “Tender Offers”) to purchase its 6 5/8% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5½% Senior Notes due 2023 (CUSIP No. 45824TAP0) (the “2023 Notes”) and 7½% Senior Notes due 2021 (CUSIP No.
ViaSat (NASDAQ: VSAT), a global broadband services and technology company, today announced financial results for the fiscal fourth quarter ended March 31, 2016.
Highlights of the quarter include;
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), today reported its results for the first quarter ended March 31, 2016. Revenue for Q1 2016 was US$52.7 million compared to US$45.2 million in comparable period of 2015, an increase of 17%.
EBITDA for Q1 2016 increased to US$0.5 million compared to US$0.2 million in comparable period of 2015. Reiterated management objectives for 2016: continued growth with revenues between US$290 and US$310 million and EBITDA between US$18 and US$24 million.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the third quarter and the nine months ended 31 March 2016. Revenue growth in the Third Quarter was below expectations, reflecting a worse than expected environment in several emerging markets, in particular in Latin America, where much of our new capacity is targeted and the spread of tough competitive conditions in Data Services to all markets.
Intelsat S.A., today announced that its subsidiary, Intelsat Jackson Holdings S.A. is commencing a tender offer to purchase its 6 ⅝% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5 ½% Senior Notes due 2023 (CUSIP No. 45824TAP0) and 7 ½% Senior Notes due 2021 (CUSIP No. 45824TAG0) for up to US$ 625,000,000 in aggregate cash consideration (excluding accrued and unpaid interest on the Securities and excluding fees and expenses related to the Tender Offers).
EchoStar Corporation (NASDAQ: SATS) today announced its financial results for the quarter ended March 31, 2016. EchoStar results were within striking distance of consensus and good enough for the stock to hold a 4-5% gain through most of the trading day (close was +3.8%).
2016 launch outlook (launches will be primary catalysts for ESS growth), and continues to make regulatory progress with its European S-band effort. Echostar expects 2016 growth to be muted due to capacity constraints, but the planned addition of five satellites should position 2017 for a return to growth.
Global Eagle Entertainment Inc. (GEE) (NASDAQ:ENT) today announced that it has signed a definitive agreement to acquire Emerging Markets Communications (EMC) a communications services provider to maritime and other mobility markets. The combined company will become a leading provider of global satellite-based communications and media content serving the rapidly growing aviation and maritime markets and select land-based markets.
RigNet, Inc. (NASDAQ:RNET), a provider of digital technology solutions focusing on serving energy facilities, maritime vessels and other global remote locations, today reported quarterly results for the quarter ended March 31, 2016. Quarterly revenues was US$ 62.3 million representing an increase of US$ 10.2 million compared to the prior quarter and a decrease of US$ 15.3 million compared to the prior year quarter.
Spacex’ Falcon 9 rocket successfully launched JCSAT-14, a commercial communications satellite for SKY Perfect JSAT Corporation, to a Geostationary Transfer Orbit (GTO) earlier today at Cape Canaveral Air Force Station, Florida. Friday's mission began at 1:21 a.m. EDT (GMT-4) and delivered the satellite into its orbit after a 32-minute flight.
