FINANCIALLY SPEAKING… PROTOSTAR LTD.

A 245M/USD satellite financing arrangement has been completed by Milibank, Tweed, Hadley & McCloy LLP for ProtoStar Ltd. The monetary infusion will allow the firm to launch and operate the ProtoStar II satellite, making the firm a dual-satellite company in the Asian TV market. Milibank has assisted the company in virtually all aspects of the development of its satellite business, including representation of ProtoStar in 2006 for its financing of the ProtoStar I satellite, which is scheduled to launch in June of this year. The new debt facility consisted of a 200M/USD loan with Credit Suisse serving as Sole Bookrunner and Co-Lead Arranger, and Jefferies & Co. acting as Co-Lead Arranger. The placement brought together a syndicate of lenders from Asia, Europe, and the United States—Washington, D.C.