Avanti has today announced a refinancing of its operations with the existing bondholders providing an additional $130m of new funds on completion, with a further $112m of liquidity provided by potential interest payment deferrals up to April 2018. The company can now proceed to more than double its available Ka-band capacity by launching the HYLAS 4 satellite later this year. The focus will be on filling the capacity at planned pricing, particularly to sub Saharan Africa. Revised guidance of
20 Dec 2016
Waving not drowning
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Waving not drowning
Avanti Communications Group (AVN:LON) | 0 0 (-5.1%) | Mkt Cap: 13.6m
- Published:
20 Dec 2016 -
Author:
Andy Chambers -
Pages:
2
Avanti has today announced a refinancing of its operations with the existing bondholders providing an additional $130m of new funds on completion, with a further $112m of liquidity provided by potential interest payment deferrals up to April 2018. The company can now proceed to more than double its available Ka-band capacity by launching the HYLAS 4 satellite later this year. The focus will be on filling the capacity at planned pricing, particularly to sub Saharan Africa. Revised guidance of