Intelsat Announces Final Results of Exchange Offer by Intelsat (Luxembourg) S.A. for Certain of Its Notes
December 20, 2016, Intelsat Luxembourg offered to exchange its 6.75% Senior Notes due 2018 (the “2018 Notes”) for the newly issued 12.50% Senior Notes due 2024 of Intelsat Luxembourg (the “2024 Notes”).
January 6, 2017, tenders from holders of approximately $403.3 millionof outstanding 2018 Notes were accepted for purchase in the Exchange Offer. Of the amount tendered and accepted for purchase, Intelsat Luxembourg’s wholly-owned subsidiary, Intelsat Connect Finance S.A.(“ICF”), accounted for approximately $402.6 millionprincipal amount of the 2018 Notes.
January 6, 2017and before the expiration of the Exchange Offer, tenders from holders of approximately $25,000of outstanding 2018 Notes were received and are expected to be accepted for purchase in the Exchange Offer. Of the amount tendered and expected to be accepted for purchase, ICF accounted for all $25,000principal amount of the 2018 Notes.
Intelsat Luxembourg has cancelled, or will cancel, all of the 2018 Notes it has acquired, or will acquire, in the Exchange Offer.
The 2024 Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any other applicable securities laws and, unless so registered, the 2024 Notes may not be offered, sold, pledged or otherwise transferred in the United States or to or for the account or benefit of any U.S. person, except pursuant to an exemption from the registration requirements of the Securities Act.
Questions regarding the Exchange Offer may be directed to
This press release 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.
Intelsat Safe Harbor Statement
Statements in this news release, including statements regarding the Exchange 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,
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, anticipations, projections,
estimations, predictions, assumptions and beliefs about the future, you
are urged to view all forward-looking statements with caution.
Vice President, Investor Relations and Corporate Communications
Director, Investor Relations and Corporate Communications