S58

An announcement from SATS ( (SG:S58) ) is now available.

SATS Ltd. has updated its U.S.$3 billion guaranteed multicurrency debt issuance programme to add wholly owned subsidiary SATS Investments (III) Pte. Ltd. as an additional issuer, alongside SATS Treasury and Worldwide Flight Services, Inc., with DBS Bank and OCBC remaining as joint arrangers and dealers. The expanded programme, backed by an unconditional guarantee from SATS, allows the group to issue notes and perpetual securities in various currencies, with proceeds earmarked for refinancing existing borrowings, funding potential acquisitions and investments, and meeting working capital, capital expenditure and other general corporate requirements, underpinned by Moody’s provisional (P) A3 rating on senior unsecured notes and in-principle approval from SGX-ST for potential listings.

The move strengthens SATS’ funding flexibility and access to capital markets as it pursues growth and integration opportunities across its global footprint, while diversifying issuance vehicles and maintaining investment-grade credit metrics. Stakeholders are likely to view the updated programme and associated ratings as an indication of the group’s capacity to support expansion and balance sheet management without relying solely on equity financing, although individual instruments will still be subject to market conditions and regulatory compliance in Singapore and other jurisdictions.

The most recent analyst rating on (SG:S58) stock is a Buy
with a S$5.01 price target.
To see the full list of analyst forecasts on SATS stock,
see the SG:S58 Stock Forecast page.