Telecoms
Covering fixed, wireless, cable and satellite infrastructure in the global telecommunications market
Covering fixed, wireless, cable and satellite infrastructure in the global telecommunications market
The financing took the form of a complex multi-lender deal involving a $510 million COFACE-guaranteed loan funded by HSBC, ING, CA-CIB and Dexia and a $115m senior and $145m mezzanine loan package supported by DBSA, AFDB, DEG, Proparco, FMO, IFC and EAIF. The deal, which closed in Dec 2010, was awarded “2010 African Deal of the Year” by Project Finance International and Project Finance Magazine.
Nick Flitterman and his team were responsible for carrying out the following:
Since the original financing in 2010, Portland also advised O3b on a further $85m COFACE-guaranteed facility to support the build of four additional satellites which closed in November 2011, and a third facility supporting the launch of those satellites in September 2014. O3b, now part of SES, trades under O3b ‘mpower’ brand.