LUXEMBOURG--(BUSINESS WIRE)--Nov. 29, 2018--
Intelsat S.A. (NYSE: I) (the “Company”)
announced today the pricing of its previously announced public offering
by certain of the Company’s shareholders (the “Selling
Shareholders”) of 10,000,000 of the Company’s common shares,
nominal value $0.01 per share (plus up to an additional 1,500,000 common
shares may be sold pursuant to an underwriters’ option to purchase
additional shares) at US$25.75 per common share. The offering is
expected to close on December 4, 2018, subject to customary closing
conditions. The offering consists entirely of common shares beneficially
owned by the Selling Shareholders. The Company will not receive any of
the proceeds from the common shares sold by the Selling Shareholders in
the offering.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint
book-running managers for the offering.
Intelsat has filed a registration statement (including a prospectus)
with the U.S. Securities and Exchange Commission (the “SEC”)
for the offering. Investors in the offering are advised to read the
prospectus in that registration statement, the related prospectus
supplement and other documents the Company has filed with the SEC for
more complete information about Intelsat and the offering. You may
obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies of the prospectus and related prospectus
supplement may be obtained from Goldman Sachs & Co. LLC, Prospectus
Department, 200 West Street, New York, NY 10282, toll-free +1 (866)
471-2526, facsimile +1 (212) 902-9316 or by emailing prospectus-ny@ny.email.gs.com,
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, toll-free +1 (866) 803-9204 or
by emailing prospectus-eq_fi@jpmchase.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the common shares, nor shall there be
any sale of the common shares in any jurisdiction in which such an
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, anticipations, projections,
estimations, predictions, outlook, 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, the risks described in
Intelsat’s annual report on Form 20-F for the year ended December 31,
2017, and its other filings with the SEC and risks and uncertainties
related to our ability to consummate the offering.
Because actual results could differ materially from Intelsat’s
intentions, plans, expectations, anticipations, projections,
estimations, predictions, outlook, 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: https://www.businesswire.com/news/home/20181129005840/en/
Source: Intelsat
Dianne VanBeber
Vice President, Investor Relations
Dianne.vanbeber@intelsat.com
+1
703 559 7406 (o)
+1 703 627 5100 (m)