Hong Kong - Kingsbridge Ltd, the holding company of Asia Broadcast Satellite’s (ABS) group of operating companies has successfully closed a US$215m five year senior bank loan from a financial consortium. The financing will be used to fully fund the capital expenditure programme for ABS-2, a state-of-the-art high powered satellite to be launched at 75°E in 2013, as well as to provide funds for future strategic initiatives and acquisitions. ABS’ prime orbital locations currently cover … [Read more...] about ABS to strengthen service offering with bank loan financing