Intelsat Announces Proposed Offering of Senior Secured Notes
Intelsat Jackson’s obligations under the notes will be guaranteed by
Intelsat Jackson’s direct parent company,
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 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 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
Because actual results could differ materially from
Dianne VanBeber, +1 703-559-7406
Vice President, Investor Relations and Corporate Communications
Michele Loguidice, +1 703-559-7372
Director, Investor Relations and Corporate Communications