White & Case advises lenders on refinancing of MEASAT-3b satellite

Press Release
1 min read

Global law firm White & Case LLP has advised Natixis Corporate & Investment Banking and ING Bank N.V., Singapore Branch as mandated lead arrangers, original lenders and hedging providers, on the refinancing of the MEASAT-3b communications satellite.

"This transaction is another demonstration of our extensive experience and broad range of capabilities advising clients who are active in the telecommunications sector, increasing the combined value of satellite deals on which we have advised to close to US$1 billion over the past three years", said White & Case partner Mukund Dhar, who co-led the Firm's deal team. "After advising the lenders on the original financing of the MEASAT-3b satellite and more recently on the financings of the MEASAT-3d and SATRIA-1 satellites, this deal continues our involvement in Asia's fast-growing satellite industry."

MEASAT-3b is a communications satellite operated by MEASAT International (South Asia) Ltd, a wholly-owned subsidiary of MEASAT Global Berhad. It was manufactured by Airbus Defence and Space and launched in September 2014 to provide broadcasting and telecommunication satellite service coverage across Malaysia, Indonesia, South Asia and Australia. When launched, it more than doubled MEASAT's Ku-band capacity and is one of four satellites currently operated by MEASAT in Asia.

The White & Case team that advised on the transaction was led by partners Justin Benson and Mukund Dhar (both London) and included partners Ingrid York and Will Smith (both London), local partner Nathaniel Crowley (Hong Kong), counsel Johanna Hayward and David Wright (both London) and associates Tom Wilkinson (London), Jennifer Riddle (Abu Dhabi) and Sean Curran (Melbourne).

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