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SATS Ltd. Issues US$100 Million Fixed Rate Notes to Bolster Financial Strategy

Story Highlights
  • SATS Ltd. operates in aviation services, focusing on gateway services and food solutions.
  • World Flight Services, a SATS subsidiary, issued US$100 million in notes to enhance financial strength.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SATS Ltd. Issues US$100 Million Fixed Rate Notes to Bolster Financial Strategy

Confident Investing Starts Here:

An announcement from SATS ( (SG:S58) ) is now available.

SATS Ltd. announced that its wholly-owned subsidiary, World Flight Services, Inc., has issued US$100 million in fixed rate notes due 2030 under its multicurrency debt issuance programme. This strategic financial move, coordinated by MUFG Securities EMEA plc, is part of SATS’ broader efforts to strengthen its financial position and support its operational capabilities, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.26 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.

More about SATS

SATS Ltd. is a company operating in the aviation services industry, primarily providing gateway services and food solutions. The company focuses on enhancing the travel experience and operational efficiency at airports, with a significant market presence in Asia.

YTD Price Performance: -17.58%

Average Trading Volume: 5,010,231

Technical Sentiment Signal: Sell

Current Market Cap: S$4.46B

For an in-depth examination of S58 stock, go to TipRanks’ Overview page.

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