Company Website:
http://www.intelsat.com
LUXEMBOURG -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170619006319/en/
Contacts:
Intelsat
Dianne VanBeber
Vice President, Investor Relations
and Corporate Communications
+1 703-559-7406
dianne.vanbeber@intelsat.com
Source: Intelsat
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