{"id":84825,"date":"2011-05-19T22:39:55","date_gmt":"2011-05-19T14:39:55","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/abs-gains-215-million-in-new-funding\/"},"modified":"2011-05-19T22:39:55","modified_gmt":"2011-05-19T14:39:55","slug":"abs-gains-215-million-in-new-funding","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/abs-gains-215-million-in-new-funding\/","title":{"rendered":"ABS Gains $215 Million in New Funding"},"content":{"rendered":"<p>[05-19-11] <b>Asia Broadcast Satellite<\/b> has secured $215 million in new funding, the company announced May 18. It has closed a $215 million five-year senior bank loan from a financial consortium comprising <b>Goldman Sachs<\/b>, <b>HSBC<\/b>, <b>ING<\/b>, <b>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/b> and <b>Standard Chartered Bank<\/b>.<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp; The financing will be used to fully fund the capital expenditure program for ABS-2, a high-powered satellite to be launched at 75 degrees East in 2013, as well as to provide funds for future strategic initiatives and acquisitions.<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp; ABS-2 will really be the centerpiece satellite for ABS satellite fleet going forward. <b>Space Systems\/Loral<\/b> (SS\/L) won the contract to build the satellite late last year. ABS-2 will have more than 12kW of payload power and up to a total of 87 active C-band, Ku-band and Ka-band transponders across 10 different beams bringing increased capacity and transmission power to the Middle East, Africa, Asia Pacific and CIS\/Russia. The ABS-2 spacecraft is based on Space Systems\/Loral\u2019s 1300 satellite bus, with a separated mass in excess of 6,000 Kg at launch and is designed for 15 years of operational life.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-19-11] Asia Broadcast Satellite has secured $215 million in new funding, the company announced May 18. It has closed a $215 million five-year senior bank loan from a financial consortium comprising Goldman Sachs, HSBC, ING, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Standard Chartered Bank. &nbsp;&nbsp;&nbsp;&nbsp; The financing will be used to fully fund the capital expenditure program for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84825","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84825"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84825"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84825\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}