Kacific-1 to launch into space for Asia-Pacific internet access

A satellite launched on a Falcon 9 rocket will provide internet to the Asia-Pacific due in part to a deal closed by Gilbert + Tobin.

Naomi Neilson • 13 January 2020 • Big Law

Firm: Gilbert + Tobin (H.R.L. Morrison & Co)

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Lawyers Weekly. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Deal: Gilbert + Tobin (G+T) assisted alternative asset manager H.R.L. Morrison & Co (MCo) in a mezzanine facility advanced by one of MCo’s managed clients to assist Singapore’s Kacific Broadband Satellites Group.

Value: Undisclosed.

Area: Banking and infrastructure.

Key players: The team was led by partner Robert Trowbridge, supported by lawyer James Frixou consultant Mark Nichol and lawyer Amanda Atkins

VIEW ALL

Deal significance: The deal will see MCo assisting in the funding of the design, manufacture and launch of Kacific-1, the first satellite which launched on SpaceX’s Falcon 9 rocket on 17 December 2019.

Kacific-1 will provide internet connectivity across more than 25 Asia-Pacific countries. It’s overall financing package comprised $US160 million long-term credit facilities from a group of Asian and European financiers with warrant options issued.

Mr Trowbridge and Mr Frixou said: “We are proud to have been involved in the first satellite launch and financing for Kacific-1 which will bring fast and affordable internet services to millions living in remote communities in the Asia-Pacific region.”

naomi.neilson@momentummedia.com.au