This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hispasat Canarias S.L.U. Communications Satellite Transaction Is Awarded Ex-Im Bank Deal Of The Year

Transaction supporting 262 American Jobs

WASHINGTON, April 11, 2012 /PRNewswire-USNewswire/ -- Hispasat Canarias, S.L.U. of Spain, a well-known European satellite operator and leader in the distribution of content to Spanish and Portuguese-speaking markets, will receive the 2012 Deal of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award will be presented at the Bank's 37th Annual Conference, "Ex-Im –Your Competitive Edge," on April 12 in Washington, D.C.


In 2011, Ex-Im Bank authorized a $228 million loan guarantee for Hispasat Canarias, S.L.U. to purchase a Ku band satellite (with Ka band option) that is used for television broadcasting in Latin America. The satellite, known as Amazonas 3, will be launched by Ariane in late 2012. The U.S. manufacturer and exporter, Space Systems Loral, is in Palo Alto, Calif.

In 2010, Ex-Im Bank approved satellite financing for Hispasat S.A. The request was to finance a satellite also built by Space Systems Loral that will be paired with a Coface-supported launch on an Ariane rocket. For that transaction, Ex-Im Bank authorized a $160.5 million loan guarantee for the purchase of a Ku band satellite that is used for television broadcasting in Europe, Latin America and North Africa. The satellite, known as 1E, was launched successfully in December 2010.

"These satellite deals are already supporting more than 260 full-time American jobs," said Fred P. Hochberg, the chairman and president of Ex-Im Bank.  "Hispasat Canarias is a truly innovative company, and I am pleased they are receiving our Deal of the Year award."

This deal paves the way for future Ex-Im Bank support for Hispasat's U.S. satellite purchases and, quite possibly, for Ex-Im support for launches from newly emerging U.S. launch providers.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs