You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

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.

January 13, 2020 By Naomi Neilson
Launch into space
expand image

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

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

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.”

This email address is being protected from spambots. You need JavaScript enabled to view it.

Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company