Transaction supporting 262 American Jobs
April 11, 2012
/PRNewswire-USNewswire/ -- Hispasat Canarias, S.L.U. of
, 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
In 2011, Ex-Im Bank authorized a
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
. 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
loan guarantee for the purchase of a Ku band satellite that is used for television broadcasting in
. The satellite, known as 1E, was launched successfully in
"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.