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Singapore-based Kacific obtained $160,000,000 in debt financing in 2019.
Kacific ordered the Kacific-1 satellite in 2017 without financing support from the U.S. Export-Import Bank because the bank lacked the minimum number of Senate-confirmed board members required to finance deals over $10,000,000.
Kacific used short-term debt to finance Kacific-1 and later refinanced that debt with $160,000,000 in new debt announced 2019-12-05.
The Kacific-1 payload uses 56 spot beams designed to cover 600 million people across 25 countries.
The Falcon 9 deployed the JCSAT-18/Kacific-1 satellite into a geostationary transfer orbit 33 minutes after liftoff.
Kacific contracted 11 transponders of Ku-band capacity from European and Asian satellite operators to serve customers in Vanuatu, Samoa, Timor Leste, and elsewhere while awaiting Kacific-1.
SpaceX launched the JCSAT-18/Kacific-1 communications satellite on 2019-12-16 using a Falcon 9 rocket.
JCSAT-18/Kacific-1 is a 6,800-kilogram condominium satellite built by Boeing with distinct payloads for Sky Perfect JSAT and Kacific.
Kacific raised $67,000,000 in equity for Kacific-1 from family offices backed by high-net-worth individuals.
Kacific plans a Kacific-2 satellite to augment Kacific-1 capacity and expand coverage westward across Asia and possibly into Africa, pending board approval.
Kacific selected Kratos to build gateway ground stations in Indonesia, Australia, and the Philippines to support Kacific-1.
Singapore-based Kacific ordered Kacific-1 in 2017 when the U.S. Export-Import Bank lacked the minimum number of Senate-confirmed board members required to finance deals over $10,000,000.
Kacific-1 is designed to provide up to 60 gigabits per second of total throughput.
GuarantCo is providing a $50,000,000 partial credit guarantee to a private European institutional investor to support Kacific-1.
Kacific Broadband Satellites tapped European and Asian lenders on 2019-12-05 to refinance loans used to buy a geostationary satellite.
Kacific-1 carries 56 Ka-band spot beams designed to provide internet connectivity across more than 25 Asia-Pacific countries.
The $160,000,000 refinancing enables Kacific to repay the short-term loans it obtained while the Ex-Im Bank’s lending window was effectively closed to satellite deals.
The Asian Development Bank is providing $50,000,000 for Kacific-1 to help bring internet access to rural and unserved areas in the Philippines and across Asia.
Kacific-1 will launch on 2019-12-15 on a SpaceX Falcon 9 rocket.
Kacific secured $160,000,000 from the Asian Development Bank, GuarantCo, and other financiers to support Kacific-1.