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Closing of $100 Million Super Senior Facility

4 Jul 2017 09:30

RNS Number : 0475K
Avanti Communications Group Plc
04 July 2017
 

 

Avanti Communications Group plc

 

Announces Closing of $100 Million Super Senior Facility

 

 

4 July 2017

 

As announced on 16 June 2017, Avanti Communications Group plc (the "Company") announces that it has closed a new $100 million three-year super senior facility (the "Super Senior Facility"). The Company has drawn the full $100 million under the Super Senior Facility and will use the proceeds to replace an existing undrawn higher cost $50 million debt facility and complete the construction and launch of the Company's HYLAS 4 satellite. Subject to certain conditions, a portion of the proceeds may also be used to redeem or repurchase some of the Company's outstanding high yield notes.

 

 

 

This announcement contains inside information

Important Notices

This announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise. The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

In particular, this announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933. Any securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, and no public offering will be made in the United States.

--ENDS--

For further information please contact:

Montfort:Nick Miles / James Olley

+44 (0)203 770 7909

Redleaf:Lara Pyliotis

44 (0)207 382 4763

Cenkos Securities plc Max Hartley (Nomad) / Julian Morse

+44 (0) 20 7397 8900

 

Notes to Editors

About Avanti Communications

Avanti connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum in perpetuity that covers an end market of over 1.7bn people.

The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology.

Avanti Communications is listed in London on AIM (AVN: LSE).

www.avantiplc.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODSSMSALFWSEEW
Date   Source Headline
15th Sep 201610:07 amRNSForm 8.3 - Avanti Communications Group
15th Sep 20168:28 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm
14th Sep 20169:40 amRNSForm 8.5 (EPT/NON-RI)
14th Sep 20168:12 amRNSForm 8.3 - [Avanti Communications]
14th Sep 20167:54 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm
13th Sep 20169:19 amRNSForm 8.3 - [Avanti Communications]
13th Sep 20169:10 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Grp
12th Sep 201610:42 amRNSForm 8.5 (EPT/NON-RI)
12th Sep 20168:42 amRNSForm 8.5 (EPT/NON-RI) Amendment Avanti Comm
9th Sep 201611:55 amRNSForm 8.3 - Avanti Communications Group plc
9th Sep 20169:48 amRNSForm 8.3 - Avanti Communications Group
9th Sep 20169:27 amRNSForm 8.5 (EPT/NON-RI)
9th Sep 20168:45 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
8th Sep 201611:55 amRNSForm 8.3 - Avanti Communications Group plc
8th Sep 201610:03 amRNSForm 8.3 - Avanti Communications Group
8th Sep 20168:01 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
7th Sep 201611:55 amRNSForm 8.3 - Avanti Communications Group plc
7th Sep 20169:25 amRNSForm 8.5 (EPT/NON-RI)
7th Sep 20168:28 amRNSForm 8.3 - [Avanti Communications]
7th Sep 20168:00 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
6th Sep 20165:11 pmRNSForm 8.3 - Avanti Communications Group Plc
6th Sep 20164:38 pmRNSForm 8.3 - Avanti Communications Group Plc
6th Sep 201611:55 amRNSForm 8.3 -Avanti Communications Group plc
6th Sep 20169:49 amRNSForm 8.5 (EPT/NON-RI)
6th Sep 20168:24 amRNSForm 8.3 - [Avanti Communications]
6th Sep 20167:59 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
5th Sep 201611:55 amRNSForm 8.3 - Avanti Communications Group plc
5th Sep 201610:35 amRNSForm 8.3 - Avanti Communications Group
5th Sep 20169:56 amRNSForm 8.5 (EPT/NON-RI)
5th Sep 20168:05 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
2nd Sep 201611:49 amRNSForm 8.3 - Avanti Communications Group PLC
2nd Sep 201610:03 amRNSForm 8.5 (EPT/NON-RI)
2nd Sep 20168:40 amRNSForm 8.3 - [Avanti Communications]
2nd Sep 20168:22 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
1st Sep 201612:02 pmRNSForm 8.3 - [Avanti Communications]
1st Sep 20169:23 amRNSForm 8.5 (EPT/NON-RI)
1st Sep 20167:49 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
31st Aug 20164:56 pmRNSForm 8.3 - Avanti Communications Group plc
31st Aug 20169:57 amRNSForm 8.5 (EPT/NON-RI)
30th Aug 20169:38 amRNSForm 8.5 (EPT/NON-RI)
30th Aug 20167:52 amRNSForm 8.5 (EPT/NON-RI)
26th Aug 201610:35 amRNSForm 8.5 (EPT/NON-RI)
25th Aug 201610:05 amRNSForm 8.3 - [Avanti Communication Group]
25th Aug 201610:03 amRNSForm 8.3 - [Avanti Comminucations Group]
25th Aug 20169:15 amRNSForm 8.5 (EPT/NON-RI)
24th Aug 201610:02 amRNSForm 8.5 (EPT/NON-RI)
23rd Aug 20169:46 amRNSForm 8.5 (EPT/NON-RI)
22nd Aug 20169:14 amRNSForm 8.5 (EPT/NON-RI)
22nd Aug 20168:17 amRNSForm 8.5 (EPT/NON-RI) Avanti Comm Group Plc
19th Aug 201610:11 amRNSForm 8.5 (EPT/NON-RI)

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