LUXEMBOURG--(BUSINESS WIRE)--Apr. 27, 2016--
Intelsat S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, today announced that
the conversion ratio for the Company’s 3,450,000 5.75% Series A
Mandatory Convertible Junior Non-Voting Preferred Shares (the Series A
Preferred shares) has been determined.
On 1 May, 2016, each of the Company’s 3,450,000 Series A Preferred
shares will automatically convert into 2.7778 shares of the Company’s
common stock, based on the average closing share price of the Company’s
common stock over the 40 consecutive trading days ending on 27 April,
2016, in accordance with the terms of the Series A Preferred shares. The
automatic conversion will be recorded on 2 May 2016.
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. For more information, visit www.intelsat.com.
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Source: Intelsat
Intelsat
Dianne VanBeber
Vice President, Investor Relations
and Corporate Communications
+1 703-559-7406
dianne.vanbeber@intelsat.com