Lehman Brothers and Donaldson, Lufkin & Jenrette launched a $475 million leveraged loan package Tuesday for Loral Space and Communication.

The new loan and an expected $295 million high-yield bond issue, also arranged by Donaldson and Lehman, will fund Loral's joint acquisition with its Mexican partner, Telefonica Autry Group, of Mexico's state-owned satellite company, Satelites Mexicanos, SA.

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