03/27/2024 Eutelsat SA (ETLFP) EUR600m 144A/Reg S sr notes due 04/13/29 (5y). NC2 (MWC B+50bp), then at 104.875, 102.438, 100. Equity claw: 2y 40% at 109.75. Ba3/B+/BB+ (negative/stable/negative). Via BNP (B&D)/CA/SocGen jt glocos and active jt books, GS/Helaba/IMI passive jt books. No reg rights. List ISE. NY Law. Settles 04/08 (T+6). Reg S ISIN: XS2796660384. Price talk: 10.00%-10.25%. Revised price talk: 9.75%-10.00%. Priced: 9.75% at 100. +774bp vs OBL 2.10% 04/12/29. Did investor call at 9am UKT 03/25, Q&A sessions followed. Books closed at 2pm UKT 03/27. UOP: along with EUR217.3m cash on hand, to fund the tender offer for its EUR800m 2.00% sr notes due 10/02/25 (98.00 tender price, BNP/CA/SocGen dealer managers). Biz: a leading telecommunications satellite operator. HQ: Issy-les-Moulineaux, Paris, France.