Intelsat Announces Pricing of Senior Notes

12 April 2012

 

Intelsat S.A., announced that its subsidiary, Intelsat Jackson Holdings S.A. ("Intelsat Jackson"), priced $1,200,000,000 aggregate principal amount of 7 ¼% senior notes due 2020 (the "notes") at an offering price of 101.75%, plus accrued and unpaid interest from April 15, 2012. The notes will provide an effective yield of 6.91%. The notes will be issued under the same indenture as Intelsat Jackson's existing 7 ¼% senior notes due 2020. Intelsat Jackson's obligations under the notes will be guaranteed by certain of its parent and subsidiary companies.

The net proceeds from the sale of the notes are expected to be used by Intelsat Jackson to purchase any and all of its $701,913,000 outstanding 9 ½% Senior Notes due 2016 and up to $470,000,000 aggregate principal amount of its $1,048,220,000 outstanding 11 ¼% Senior Notes due 2016, in each case that are validly tendered in connection with Intelsat Jackson's amended tender offers announced on April 12, 2012. Proceeds from the sale of the notes may also be used to redeem or repurchase notes not purchased in the applicable tender offer, to pay related fees and expenses and for general corporate purposes.