Intelsat Announces Expiration, Final Results and Anticipated Settlement of Tender Offers for Certain Notes of Intelsat Jackson Holdings S.A.
The Tender Offers were made pursuant to an amended and restated Offer to
Purchase dated as of
The principal amounts of each series of Notes that were validly tendered
and not validly withdrawn as of
Title of Security
6 ⅝% Senior Notes due 2022
|5 ½% Senior Notes due 2023||45824TAP0||$2,000,000,000||2||$1,025,137,000||$0|
|7 ½% Senior Notes due 2021||45824TAG0||$1,150,000,000||3||$335,941,000||$0|
(1) Excludes approximately
The amounts of each series of Notes to be purchased pursuant to the Tender Offers were determined in accordance with the acceptance priority levels specified in the Offer to Purchase, with 1 being the highest acceptance priority level. As previously announced, all Notes tendered in the Tender Offers and accepted for payment will receive the Total Consideration, which includes the Early Tender Premium (each as defined in the Tender Offer Documents). Notes not accepted for purchase will be promptly returned to the tendering registered holder or holders of the applicable series of Notes.
Questions regarding the Tender Offers may be directed to
This press release does not constitute an offer to purchase securities or a solicitation of an offer to purchase any new securities, or an offer to sell or the solicitation of an offer to sell any 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 Tender Offer Documents.
Intelsat Safe Harbor Statement
Statements in this news release, including statements regarding the Tender 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, 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
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
Dianne VanBeber, +1-703-559-7406
Vice President, Investor Relations and Corporate Communications