Weil advised BNP PARIBAS, Crédit Agricole CIB and Société Générale, as global coordinators and joint active bookrunners, Helaba and Natixis as global coordinators and joint bookrunners and Commerzbank, Goldman Sachs Bank Europe SE, ING and IMI – Intesa Sanpaolo as joint bookrunners in connection with Eutelsat Communications S.A.’s offering of €850 million 5.750% senior notes due 2031 and €650 million 6.250% senior notes due 2033 guaranteed by Eutelsat S.A. and OneWeb Holdings Limited.

The Eutelsat group is a global leader in satellite communications, delivering high-performance connectivity and broadcasting via its multi-orbit GEO-LEO network, with a footprint covering Europe, Africa, the Middle East, Asia-Pacific and the Americas.

The notes offering follows the entry into a new facilities agreement on November 13, 2025, which includes a €400 million Facility B and a €500 million revolving credit facility. Proceeds of the notes will be used to redeem the €600 million 2.25% notes due in 2027 and €600 million 9.750% notes due in 2029 issued by Eutelsat S.A., to repay term and revolving credit facilities subscribed by Eutelsat Communications S.A. in 2021 and a revolving credit facility subscribed by Eutelsat S.A. in 2024.

The Weil team was led by High Yield partner Gilles Teerlinck, and included associates Roberto Storlazzi, Delphine Collinet and Nastassia Merlino and paralegal Susie Galarneau in London, and by Finance partner Jean-Christophe David, and included associates Cassien Beudet and Kamran Manzoori in Paris. Tax partner Edouard de Lamy and associate Axelle Trintignac advised on French tax matters, with U.S. Tax advice from partner Greg Featherman and associate Carlos Parra.