Space Business Review A monthly round-up of space industry developments for the information of our clients and friends.

March 2015 LIGHTSQUARED EXITS CHAPTER 11 MARCH LAUNCH SERVICES On March 25, LightSquared Inc. obtained U.S. March 1 – Space Exploration Technologies Bankruptcy Court approval to exit Chapter 11 Corp. successfully launched the 115 CONTACTS: protection pursuant to a restructuring plan that West B satellite for Eutelsat Americas and the will pay its largest creditor, Charles Ergen, ABS-3A satellite for ABS Global, Ltd. on a Dara A. Panahy launch vehicle. Both satellites were 202-835-7521 roughly $1.5b in cash to account for full [email protected] repayment, with interest, of Ergen’s holdings of manufactured by Satellite Systems LightSquared debt. LightSquared is expected to International Inc. based on its 702SP all-electric Bijan Ganji emerge from bankruptcy with 44% of its equity satellite platform and are the first ever 702SP 202-835-7543 retained by its founder, Harbinger Capital satellites launched into orbit. Equipped with C- [email protected] Partners LLC, but with voting control vested in and Ku-band transponders, ABS-3A will be Centerbridge Partners, L.P. and Fortress positioned at the 3°W orbital location to provide

Investment Group LLC, which will together coverage of the Americas, Europe, Africa and the To learn about Milbank’s own a 34% equity stake. Middle East for communications and broadcasting services. Also equipped with C- and Space Business Practice, or VIASAT TECHNOLOGIES EX-IM $525M LOAN Ku-band transponders, Eutelsat 115 West B will view previous issues of the On March 12, ViaSat Technologies Limited be positioned at the 114.9°W orbital location to Space Business Review, (VTL), an affiliate of ViaSat, Inc., announced please visit www.milbank.com. provide coverage of Canada, Alaska and Latin that it signed a credit agreement with the America for broadband, cellular backhaul, VSAT Export-Import Bank of the United States for a The information contained and social connectivity services. herein is provided for $525m direct loan facility, which VTL will use to March 19 – A Russian Proton-M integrated informational purposes only finance up to 85% of its manufacture, launch and launch vehicle successfully orbited the Express and should not be construed insurance expenses for the ViaSat-2 Ka-band AM-7 satellite for the Russian Satellite as legal advice on any subject . Currently being Communications Co. Manufactured by Airbus matter. Recipients of this manufactured by Boeing Satellite Systems Defence and Space based on the Eurostar publication should not take or International Inc. and scheduled for launch in refrain from taking any action E3000 satellite platform, Express AM-7 will be 2016 by Space Exploration Technologies Corp., based upon content included used to provide television and radio broadcast, ViaSat-2 will provide broadband services across herein. If you do not wish to telephony, broadband, multimedia, data and North America, Central America, the Caribbean receive this newsletter, please mobile communications services to customers and the primary aeronautical and maritime send an e-mail to throughout Russia, Europe and India. [email protected] routes between Europe and North America. March 27 – Arianespace S.A. successfully with the word “unsubscribe” in EDC €140M FINANCING FOR AMAZONAS 5 the subject line. launched two satellites for Europe’s Galileo On March 26, Export Development Canada navigation constellation on a Europeanized © 2015 - Milbank, Tweed, announced that it will provide €140m in Soyuz launch vehicle. The satellites, Hadley & McCloy LLP. financing to HISPASAT Group for the manufactured by prime contractor OHB System manufacture of the Amazonas 5 satellite by AG, with navigation payloads supplied by Surrey

Space Systems/Loral, LLC, a subsidiary of Satellite Technology Ltd., represent the seventh

Canada’s MacDonald, Dettwiler and Associates and eighth Galileo satellites launched to date. Ltd. Amazonas 5 will be used to meet growing MARCH LAUNCH SERVICES ORDERS demand for satellite capacity in Latin America. March 6 – SES S.A. announced that it selected PANASONIC TO ACQUIRE ITC GLOBAL Arianespace S.A. to launch the all-electric SES- On March 16, Panasonic Corporation 15 satellite on an Ariane 5 launch vehicle in 2017. (Panasonic) and ITC Global, Inc. (ITC), a SES-15 will be positioned at the 129°W orbital provider of satellite connectivity services to the location to provide coverage of North America for energy, mining and maritime industries, aeronautical, government, VSAT and maritime announced a definitive agreement whereby services. Currently being manufactured by Panasonic will acquire ITC, subject to Boeing Satellite Systems International Inc., regulatory approvals. The financial terms of the SES-15 will be equipped with a hybrid Ku- and acquisition were not disclosed. Following Ka-band payload, with additional Ku-band wide consummation of the transaction, ITC will beams and Ku- and Ka-band HTS capability. operate as an independent unit of Panasonic March 16 – Arianespace S.A. announced that it subsidiary Panasonic Avionics Corporation, a was selected by Skybox Imaging, Inc. (Skybox) leading provider of in-flight communications to launch a batch of four Skybox remote sensing and entertainment systems. satellites on the Vega launch vehicle in 2016.

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