Hispasat Canarias S.L.U. Communications Satellite Transaction is Awarded Ex-Im Bank Deal of the Year
April 11, 2012
(Ex-Im Bank)
Transaction supporting 262 American Jobs
Washington, D.C. – Hispasat Canarias, S.L.U. of Spain, a well-known European
satellite operator and leader in the distribution of content to Spanish and
Portuguese-speaking markets, will receive the 2012 Deal of the Year award from
the Export-Import Bank of the United States (Ex-Im Bank). The award will be
presented at the Bank's 37th Annual Conference, “Ex-Im –Your Competitive Edge,”
on April 12 in Washington, D.C.
In 2011, Ex-Im Bank authorized a $228 million loan guarantee for Hispasat
Canarias, S.L.U to purchase a Ku band satellite (with Ka band option) that is
used for television broadcasting in Latin America. The satellite, known as
Amazonas 3, will be launched by Ariane in late 2012. The U.S. manufacturer and
exporter, Space Systems Loral, is in Palo Alto, Calif.
In 2010, Ex-Im Bank approved satellite financing for Hispasat S.A. The request
was to finance a satellite also built by Space Systems Loral that will be paired
with a Coface-supported launch on an Ariane rocket. For that transaction, Ex-Im
Bank authorized a $160.5 million loan guarantee for the purchase of a Ku band
satellite that is used for television broadcasting in Europe, Latin America and
North Africa. The satellite, known as 1E, was launched successfully in December
2010.
“These satellite deals are already supporting more than 260 full-time American
jobs,” said Fred P. Hochberg, the chairman and president of Ex-Im Bank.
“Hispasat Canarias is a truly innovative company, and I am pleased they are
receiving our Deal of the Year award.”
This deal paves the way for future Ex-Im Bank support for Hispasat's U.S.
satellite purchases and, quite possibly, for Ex-Im support for launches from
newly emerging U.S. launch providers.
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