Intelsat
S.A.
Announces
Consent
Solicitation
Relating
to
Its
7⅝%
Senior
Notes
Due
2012
and
6½%
Senior
Notes
Due
2013
12
April
"010
Intelsat
S.A.
(formerly
Intelsat,
Ltd.)
announced
that
it
has
commenced
a
consent
solicitation
relating
to
its
7⅝%
Senior
Notes
due
2012
(CUSIP
No.
45820EAB8)
and
its
6½%
Senior
Notes
due
2013
(CUSIP
No.
45820EAH5).
Intelsat
is
soliciting
consents
from
security
holders
of
record
as
of
5:00
p.m.,
New
York
City
time,
on
April
9,
2010.
The
proposed
amendments,
if
adopted,
will
amend
the
indenture
for
the
notes
to
substantially
align
the
restrictions
on
Intelsat
S.A.'s
ability
to
incur
secured
debt
with
similar
restrictions
applicable
to
certain
of
its
subsidiaries
and
to
make
certain
other
technical
changes
to
the
indenture.
The
consent
solicitation
will
expire
at
5:00
p.m.,
New
York
City
time,
on
April
21,
2010,
unless
extended
(the
“Expiration
Time”).
The
consent
solicitation
is
being
made
pursuant
to,
and
upon
the
terms
and
subject
to
the
conditions
set
forth
in,
a
consent
solicitation
statement
dated
April
12,
2010
and
related
consent
letters.
Intelsat
is
offering
to
pay
to
each
security
holder
who
validly
delivers
a
consent
prior
to
the
Expiration
Time,
and
does
not
validly
revoke
such
consent,
a
consent
payment
equal
to
2.00%
of
the
outstanding
principal
amount
of
the
notes
for
which
such
security
holder
provides
its
consent.
