Intelsat Announces Final Results of Exchange Offer by Intelsat (Luxembourg) S.A. for Certain of Its Notes
January 20 2017 - 6:00AM
Business Wire
Intelsat S.A. (NYSE: I), operator of the world’s first
Globalized Network, powered by its leading satellite backbone,
today announced the final results for the previously announced
private offer by Intelsat (Luxembourg) S.A. (“Intelsat Luxembourg”)
to exchange (the “Exchange Offer”) certain of its outstanding
notes.
- On December 20, 2016, Intelsat
Luxembourg offered to exchange its 6.75% Senior Notes due 2018 (the
“2018 Notes”) for the newly issued 12.50% Senior Notes due 2024 of
Intelsat Luxembourg (the “2024 Notes”).
- On January 6, 2017, tenders from
holders of approximately $403.3 million of outstanding 2018 Notes
were accepted for purchase in the Exchange Offer. Of the amount
tendered and accepted for purchase, Intelsat Luxembourg’s
wholly-owned subsidiary, Intelsat Connect Finance S.A. (“ICF”),
accounted for approximately $402.6 million principal amount of the
2018 Notes.
- After January 6, 2017 and before the
expiration of the Exchange Offer, tenders from holders of
approximately $25,000 of outstanding 2018 Notes were received and
are expected to be accepted for purchase in the Exchange Offer. Of
the amount tendered and expected to be accepted for purchase, ICF
accounted for all $25,000 principal amount of the 2018 Notes.
Intelsat Luxembourg has cancelled, or will cancel, all of the
2018 Notes it has acquired, or will acquire, in the Exchange
Offer.
The 2024 Notes have not been registered under the Securities Act
of 1933, as amended (the “Securities Act”), or any other applicable
securities laws and, unless so registered, the 2024 Notes may not
be offered, sold, pledged or otherwise transferred in the
United States or to or for the account or benefit of any U.S.
person, except pursuant to an exemption from the registration
requirements of the Securities Act.
Questions regarding the Exchange Offer may be directed to
Intelsat Luxembourg at the following email address: Attn: Investor
Relations, Email: investor.relations@intelsat.com.
This press release does not constitute an offer to purchase
securities or a solicitation of an offer to sell any securities or
an offer to sell or the solicitation of an offer to purchase any
new securities, nor does it constitute an offer or solicitation in
any jurisdiction in which such offer or solicitation is
unlawful.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized
Network, powered by its leading satellite backbone, delivering
high-quality, cost-effective video and broadband services anywhere
in the world. Intelsat’s Globalized Network combines the world’s
largest satellite backbone with terrestrial infrastructure, managed
services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of
network services. Thousands of organizations serving billions of
people worldwide rely on Intelsat to provide ubiquitous broadband
connectivity, multi-format video broadcasting, secure satellite
communications and seamless mobility services. The end result is an
entirely new world, one that allows us to envision the impossible,
connect without boundaries and transform the ways in which we
live.
Intelsat Safe Harbor Statement
Statements in this news release, including statements regarding
the Exchange Offer, constitute “forward-looking statements” that do
not directly or exclusively relate to historical facts. When used
in this release, the words “may,” “will,” “might,” “should,”
“expect,” “plan,” “anticipate,” “project,” “believe,” “estimate,”
“predict,” “intend,” “potential,” “outlook,” and “continue,” and
the negative of these terms, and other similar expressions are
intended to identify forward-looking statements and
information.
The forward-looking statements reflect Intelsat’s intentions,
plans, expectations, anticipations, projections, estimations,
predictions, assumptions and beliefs about future events and are
subject to risks, uncertainties and other factors, many of which
are outside of Intelsat’s control. Important factors that could
cause actual results to differ materially from the expectations
expressed or implied in the forward-looking statements include
known and unknown risks. Known risks include, among others, market
conditions and the risks described in Intelsat’s annual report on
Form 20-F for the year ended December 31, 2015, quarterly reports
on Form 6-K for the quarters ended June 30, 2016 and September 30,
2016, and its other filings with the U.S. Securities and Exchange
Commission.
Because actual results could differ materially from Intelsat’s
intentions, plans, expectations, anticipations, projections,
estimations, predictions, assumptions and beliefs about the future,
you are urged to view all forward-looking statements with caution.
Intelsat does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170120005044/en/
IntelsatDianne VanBeberVice President, Investor Relations and
Corporate Communicationsdianne.vanbeber@intelsat.com+1
703-559-7406orMichele LoguidiceDirector, Investor Relations and
Corporate Communications+1
703-559-7372michele.loguidice@intelsat.com
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