Intelsat Announces Pricing of Senior Notes
June 19 2017 - 6:12PM
Business Wire
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 $1.5 billion aggregate principal amount of Senior Notes due 2025
(the “Notes”). The Notes are unsecured
and will bear interest at a rate of 9.750% per annum.
The net proceeds from the sale of the Notes are expected to be
used by Intelsat Jackson, along with other available cash, to fund
the redemption of all $1.5 billion aggregate principal amount of
Intelsat Jackson’s outstanding 7.25% Senior Notes due 2019 and to
pay related fees and expenses.
The offering of the Notes is expected to close on July 5, 2017,
subject to customary closing conditions.
The Notes referred to above 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 referred to above 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.
The Notes may therefore not be offered or sold in any such
jurisdiction except pursuant to an exemption from, or in a
transaction not subject to, the relevant requirements of laws and
regulations of such jurisdictions.
No prospectus as required by the Directive 2003/71/EC (and the
implementing laws and regulations in the relevant member states)
has been filed with respect to the Notes and therefore no offers of
Notes may be made in any Member States of the European Economic
Area unless made pursuant to an exemption under the Directive
2003/71/EC (and the implementing laws and regulations in the
relevant Member States).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other securities
of Intelsat or its subsidiaries, nor shall there be any offer,
solicitation or sale of the Notes in any state or jurisdiction in
which such offer, solicitation or sale would be 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 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, 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/20170619006319/en/
IntelsatDianne VanBeberVice President, Investor Relations and
Corporate Communications+1
703-559-7406dianne.vanbeber@intelsat.com
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