News Release
Intelsat Announces Tender Offer for Certain Notes of Intelsat (Luxembourg) S.A.
The Offer is scheduled to expire at 12:00 midnight,
The following table sets forth certain terms of the Offer:
Title of Security |
CUSIP/ISIN Number |
Principal Amount Outstanding |
Tender Offer Consideration(1) |
Early Tender Payment(1) |
Total Consideration(1)(2) |
|||||||||||||||
6 3/4% Senior Notes due 2018 |
CUSIP No. 458204 AN4
ISIN No. US458204AN49 |
$96,650,000 | $995.00 | $5.00 | $1,000.00 |
______________________________ |
||
(1) | Per $1,000 principal amount of Notes and excluding accrued and unpaid interest up to, but not including, the applicable Settlement Date, which will be paid in addition to the Total Consideration or Tender Offer Consideration, as applicable. | |
(2) | Includes the Early Tender Payment. | |
The total consideration (the “Total Consideration”) payable for each
Subject to the terms and conditions of the Offer, each Holder who validly tenders and does not subsequently validly withdraw their Notes at or prior to the Early Tender Time will be entitled to receive the Total Consideration, plus accrued and unpaid interest up to, but not including, the applicable Settlement Date (as defined below) if and when such Notes are accepted for payment. Holders who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will be entitled to receive only the tender offer consideration equal to the Total Consideration less the Early Tender Payment (the “Tender Offer Consideration”), plus accrued and unpaid interest up to, but not including, the applicable Settlement Date, if and when such Notes are accepted for payment.
ICF reserves the right but is under no obligation, at any point
following the Early Tender Time and before the Expiration Date, to
accept for purchase any Notes validly tendered at or prior to the Early
Tender Time (the date of such purchase, the “Early Settlement Date”).
The Early Settlement Date will be determined at ICF’s option and is
currently expected to occur on the first business day following the
Early Tender Time, subject to all conditions to the Offer having been
satisfied or waived by ICF. The expected Early Settlement Date is
To receive either the Total Consideration or the Tender Offer
Consideration, Holders of the Notes must validly tender and not validly
withdraw their Notes at or prior to the Early Tender Time or the
Expiration Time, respectively. Notes tendered may be withdrawn from the
Offer at or prior to, but not after,
Subject to the terms and conditions described in the Offer to Purchase, ICF intends to accept for payment all Notes validly tendered at or prior to the Expiration Date.
The obligation of ICF to accept for purchase and to pay either the Total Consideration or Tender Offer Consideration and the accrued and unpaid interest on the Notes pursuant to the Offer is not subject to any minimum tender condition or financing condition, but is subject to the satisfaction or waiver of certain other general conditions described in the Offer to Purchase.
ICF is making the Offer only by, and pursuant to, the terms of the Offer
to Purchase. None of ICF,
This announcement does not contain the full terms and conditions of the Offer. The complete terms and conditions are set forth in the Offer to Purchase.
This press release is for informational purposes only and 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. Capitalized terms used in this press release but not otherwise defined herein have the meanings assigned to them in the Offer to Purchase.
About
Intelsat Safe Harbor Statement:
Statements in this news release, including statements regarding the
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, 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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180302005597/en/
Source:
Intelsat
Dianne VanBeber
Vice President, Investor Relations
+1
703-559-7406
dianne.vanbeber@intelsat.com