Intelsat Announces Proposed Redemption of 9¼% Senior Notes due 2016 of Intelsat Corporation

 

 

December 13, 2010

 

Intelsat Corporation (“Intelsat Corp”), intends to redeem all of the $580,719,000 aggregate principal amount outstanding of its 9¼% Senior Notes due 2016 (the “Notes”). The redemption of the Notes is conditioned upon the receipt by Intelsat Corp of sufficient cash to effect the redemption, as specified in the redemption notice.

 

Intelsat Corp has issued a notice of redemption pursuant to the indenture for the Notes stating that it intends to redeem all of such Notes on January 12, 2011, or such later date to which such redemption may be extended by Intelsat Corp in its sole discretion (such date, as it may be extended, the “Redemption Date”). The redemption price for the Notes will be equal to 100% of the principal amount of the Notes plus a premium determined in accordance with the indenture for the Notes and accrued and unpaid interest thereon to the Redemption Date.