On June 3, the Export-Import Bank of the United States (U.S. Ex-Im) authorized a $343.3m direct loan to Asia Satellite Telecommunications Co. Ltd. (AsiaSat) to finance AsiaSat’s procurement of two communications satellites, the C-band AsiaSat 6 satellite and the hybrid Ku- and Kaband AsiaSat 8 satellite, from Space Systems/Loral, LLC, as well as launch services provided by Space Exploration Technologies Corp. and insurance brokered by Marsh USA Inc. So far in FY2013, U.S. Ex-Im has authorized a total of $891m in financings of satellite industry transactions.