Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Intelsat Announces Pricing of Senior Notes

Posted by fidest press agency su giovedì, 4 ottobre 2018

Intelsat S.A. (NYSE: I) (“Intelsat”), operator of the world’s first Globalized Network and leader in integrated satellite communications, today announced that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), has priced a private offering of an additional $700 million aggregate principal amount of its 8.500% senior notes due 2024 (the “Notes”), which is expected to be sold to investors at 100.75% of par plus accrued interest from September 19, 2018.Intelsat Jackson intends to use the net proceeds from the sale of the additional Notes to fund the repurchase or redemption of all of Intelsat Jackson’s outstanding 7.50% Senior Notes due 2021 (the “2021 Senior Notes”) which are not redeemed or repurchased with the proceeds of the 8.500% senior notes due 2024 issued by Intelsat Jackson on September 19, 2018, and expects to discharge the 2021 Senior Notes in full. Intelsat Jackson expects to use any remaining net proceeds for general corporate purposes.Intelsat Jackson’s obligations under the Notes are guaranteed by certain of Intelsat Jackson’s subsidiaries that guarantee its obligations under its senior secured credit facilities, its 9.50% Senior Secured Notes due 2022, and its 8.00% Senior Secured Notes due 2024. In addition, Intelsat, Intelsat Investment Holdings S.à r.l., Intelsat Holdings S.A., Intelsat Investments S.A., Intelsat (Luxembourg) S.A. and Intelsat Connect Finance S.A., which are direct or indirect parent companies of Intelsat Jackson, are guarantors of the Notes but are under no obligation to continue such guarantees. The Notes will be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in accordance with Regulation S under the Securities Act and applicable exemptions from registration, prospectus or like requirements under the laws and regulations of the relevant jurisdictions outside the United States. The Notes will not be registered under the Securities Act and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will also not be registered in any jurisdiction outside of the United States and no action or steps will be taken to permit the offer of the Notes in any such jurisdiction where any registration or other action or steps would be required to permit an offer of the Notes.

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