Home » News & Blogs » Hispasat buyer secures 500M euro credit line • ESA, Polish firms study rocket tech • CETel buys UK teleport operator
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Hispasat buyer secures 500M euro credit line • ESA, Polish firms study rocket tech • CETel buys UK teleport operator

12 Jun 2019, 17:58 UTC
Hispasat buyer secures 500M euro credit line • ESA, Polish firms study rocket tech • CETel buys UK teleport operator
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Hispasat’s buyer Red Eléctrica Corporación has secured a 500 million euro ($564.7 million) credit line intended to partly finance its purchase of the Spanish satellite operator. Red Eléctrica said the credit line, formalized June 12, is available for five years with the possibility of extension to seven years. The Spanish power company announced plans in February to buy Abertis’ 89.7 percent stake in Hispasat for 949 million euros. Red Eléctrica said a banking syndicate comprising four financial institutions, all with a presence in Spain, are participating in the credit line. [Red Eléctrica]
The European Space Agency and a team of Polish companies signed a contract last week to study rocket fuel injectors that use green propellant. The new rocket parts could have multiple applications, including use in kick stages, micro-launcher upper stages and reusability demonstration platforms. The Łukasiewicz Research Network – Institute of Aviation in Poland will serve as the prime contractor for new injector and engine control valves as part of ESA’s Future Launchers Preparatory Program, the agency said June 11. Polish space hardware provider Astronika is responsible for valve ...

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