Intelsat Announces Results to Date and Early Settlement Date for Exchange Offer by Intelsat (Luxembourg) S.A. for Certain of Its Notes
As detailed in an earlier press release issued by
Intelsat Luxembourg expects that all of the 2018 Notes that were validly
tendered and not validly withdrawn in the Exchange Offer prior to the
Early Delivery Time will be purchased by Intelsat Luxembourg on
Pursuant to its terms, the Exchange Offer will remain open until
The withdrawal deadline has passed, and holders of 2018 Notes may no longer withdraw 2018 Notes tendered in the Exchange Offer.
Subject to applicable law and the terms set forth in the Offering Memorandum, Intelsat Luxembourg reserves the right to waive any and all conditions to the Exchange Offer, in whole or in part, and may do so, subject to applicable law, without reinstating withdrawal rights. In addition, Intelsat Luxembourg expressly reserves the right to extend or terminate the Exchange Offer and to otherwise amend or modify the Exchange Offer in any respect.
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. Intelsat Luxembourg does not intend to register the 2024 Notes under the Securities Act or the securities laws of any other jurisdiction. The 2024 Notes are not transferable except in accordance with the restrictions described more fully in the Offering Memorandum.
The Exchange Offer is being made, and the 2024 Notes to be issued
pursuant to the Exchange Offer are being offered and issued, only (a) in
The Exchange Offer is being conducted pursuant to the Offering
Memorandum, this press release and Intelsat S.A.’s or
Questions regarding the Exchange Offer may be directed to
The complete terms and conditions of the Exchange Offer, as well as the
terms of the 2024 Notes, are set forth in the Offering Memorandum. The
Offering Memorandum will only be made available to holders who complete
an eligibility letter confirming their status as Eligible Holders.
Holders of 2018 Notes who wish to receive a copy of the eligibility
letter for the Exchange Offer may contact
Intelsat Luxembourg is making the Exchange Offer only by, and pursuant
to, the terms of the Exchange Offer Materials. None of
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