Company Website:
http://www.intelsat.com
LUXEMBOURG -- (Business Wire)
Intelsat S.A. (NYSE: I), operator of the world’s first Globalized
Network and leader in integrated satellite solutions, today announced
the final results of its previously announced tender offer (the "Offer”)
by its indirect subsidiary, Intelsat Connect Finance S.A. (“ICF”), to
purchase for cash any and all of the outstanding 6 3⁄4%
Senior Notes due 2018 (CUSIP No. 458204 AN4; ISIN No. US458204AN49)
issued by Intelsat (Luxembourg) S.A., a subsidiary of Intelsat S.A. and
ICF’s direct parent company, that are not already held by ICF (the
“Notes”).
The Offer expired at 12:00 midnight, New York City time, on March 30,
2018 (the “Expiration Time”). A total of $5,006,000 aggregate principal
amount of the Notes had been validly tendered and not validly withdrawn
after 5:00 p.m., New York City time, on March 15, 2018 (the “Early
Tender Time”), and at or prior to the Expiration Time. As previously
announced, ICF accepted for purchase a total of $26,126,000 aggregate
principal amount of the Notes validly tendered and not validly withdrawn
at the Early Tender Time. On April 2, 2018, ICF accepted for purchase
$5,006,000 aggregate principal amount of the Notes validly tendered and
not validly withdrawn after the Early Tender Time and at or prior to the
Expiration Time, as set forth in the table below.
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Title of Security |
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| CUSIP/ISIN Number |
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| Principal Amount Outstanding |
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| Tender Offer Consideration(1)
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| Principal Amount Tendered after
Early Tender Time |
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| Principal Amount Accepted at Expiration
Time |
6 3/4% Senior Notes due 2018
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CUSIP No. 458204 AN4 ISIN No. US458204AN49
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$96,650,000
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$995.00
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$5,006,000
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$5,006,000
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________________________________
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(1)
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Per $1,000 principal amount of Notes and excluding accrued and
unpaid interest up to, but not including, the applicable Final
Settlement Date, which will be paid in addition to the Tender Offer
Consideration.
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In addition, on April 2, 2018, Intelsat (Luxembourg) S.A. issued a
notice of redemption pursuant to the indenture governing the Notes, that
it intends to redeem $46,000,000 principal amount of the Notes at a
redemption price equal to 100.000% of the principal amount of the Notes,
together with accrued and unpaid interest and additional interest (if
any) thereon, to the expected redemption date of May 2, 2018, which will
also serve as the record date for the redemption. Payment with respect
to the redemption will be made on May 2, 2018, and is expected to be
funded from general corporate funds.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network,
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,
outlook, 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, the risks described in Intelsat’s annual report
on Form 20-F for the year ended December 31, 2017, and its other filings
with the U.S. Securities and Exchange Commission and risks and
uncertainties related to our ability to consummate the redemption.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180402005727/en/
Contacts:
Intelsat
Dianne VanBeber, +1 703-559-7406
Vice President,
Investor Relations
dianne.vanbeber@intelsat.com
Source: Intelsat
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