Intelsat Announces Results and Settlement of Tender Offer for Intelsat Jackson Holdings
Intelsat S.A. (NYSE: I) (“Intelsat”), operator of the world’s first Globalized Network and leader in integrated satellite communications, recently announced the settlement of its previously announced tender offer (the “Offer”) by its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), to purchase any and all of its outstanding 7¼ percent Senior Notes due 2020 (the “Notes”).
The Offer expired at 5:00 p.m., New York City time, on September 14, 2018 (the “Expiration Time”). Based on final information provided to Intelsat Jackson by Global Bondholder Services Corporation (“GBS”), the depositary and information agent for the Offer, $1,723,269,000 in aggregate principal amount of the Notes were validly tendered (and not validly withdrawn) at or prior to the Expiration Time, and Intelsat Jackson accepted all of such Notes.
Settlement of the Offer was completed by Intelsat Jackson as of September 19, 2018 (the “Settlement Date”), as set forth in the Offer to Purchase and the Notice of Guaranteed Delivery, each dated as of September 10, 2018. Intelsat Jackson used a portion of the net proceeds from its offering of its 8.50 percent Senior Notes due 2024 to fund the settlement, which offering also closed on September 19, 2018.
Questions and requests for additional documents may be directed to GBS at (866) 794-2200 (toll free), (212) 430-3774, or (212) 430-3775 (facsimile).
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