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Shin Satellite Secures $250 Million Loan.
Byline: Komsan Tortermvasana
Mar. 6--Shin Satellite is now set to go ahead with the completion and launch of its iPSTAR broadband satellite project after the approval of a long-awaited US $250-million loan from the US Export-Import Bank.
The company said it had sought up to $360 million in syndicated loans from the US Exim Bank, though it had an option to borrow less.
Shin Satellite had sought funding from the US Exim Bank because it offered a longer repayment period of up to seven years while other commercial banks allowed only five, said Boonklee Plangsiri, chief executive of Shin Corporation, the satellite operator's parent company.
...
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Source: HighBeam Research, Shin Satellite Secures $250 Million Loan.