Eutelsat secures about €975 million in conditional financing for OneWeb renewal
The export-credit financing supports additional Airbus-built satellites, with availability tied to a subsequent bond refinancing.
Eutelsat secured approximately €975 million in export-credit financing on February 10, 2026, according to its interim financial statements. The financing was conditional on the successful completion of its next bond refinancing.
The facility supports the acquisition of 340 additional low Earth orbit satellites from Airbus Defence and Space to renew the OneWeb constellation. The replacement programme is intended to maintain service as the first satellites approach the end of their operating lives.
ING identified Commerzbank, Crédit Agricole CIB, Helaba, ING and Société Générale as the commercial banks involved. The financing benefits from French state support through Bpifrance Assurance Export.
Use of funds
Finance additional Airbus-built LEOsatellites to renew OneWeb constellation