LUXEMBOURG--(BUSINESS WIRE)--Mar. 21, 2016--
Intelsat S.A. (NYSE:I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, announced today that
its subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”),
intends to offer $1.0 billion aggregate principal amount of senior
secured notes due 2024 (the “notes”).
Intelsat Jackson’s obligations under the notes will be guaranteed by
Intelsat Jackson’s direct parent company, Intelsat (Luxembourg) S.A.
(the “parent guarantor”), and certain subsidiaries (the “subsidiary
guarantors”), and will be secured by a first priority security interest
in, subject to certain permitted liens, substantially all of the
existing and future assets of Intelsat Jackson and the subsidiary
guarantors, and in the case of the parent guarantor, the stock of the
Intelsat Jackson owned by the parent guarantor. The security interests
securing the notes will be pari passu with the security interests
securing Intelsat Jackson’s senior secured credit facility.
The net proceeds from the sale of the notes are expected to be used by
Intelsat Jackson for general corporate purposes, which may include
repayment of indebtedness, capital expenditures and working capital and
to pay fees and expenses related to the offering.
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, 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,
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, including statements regarding the
offering, 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, 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,
2015, and its other filings with the U.S. Securities and Exchange
Commission.
Because actual results could differ materially from Intelsat's
intentions, plans, expectations, 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/20160321005499/en/
Source: Intelsat
Intelsat S.A.
Dianne VanBeber, +1 703-559-7406
Vice President,
Investor Relations and Corporate Communications
dianne.vanbeber@intelsat.com
or
Michele
Loguidice, +1 703-559-7372
Director, Investor Relations and
Corporate Communications
michele.loguidice@intelsat.com