| [April 12, 2012] |
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Intelsat Announces Pricing of Senior Notes
LUXEMBOURG --(Business Wire)--
Intelsat (News - Alert) S.A., the world's leading provider of satellite services, today
announced that its subsidiary, Intelsat Jackson Holdings S.A. ("Intelsat
Jackson"), priced $1,200,000,000 aggregate principal amount of 7 ¼%
senior notes due 2020 (the "notes") at an offering price of 101.75%,
plus accrued and unpaid interest from April 15, 2012. The notes will
provide an effective yield of 6.91%. The notes will be issued under the
same indenture as Intelsat Jackson's existing 7 ¼% senior notes due
2020. Intelsat Jackson's obligations under the notes will be guaranteed
by certain of its parent and subsidiary companies.
The net proceeds from the sale of the notes are expected to be used by
Intelsat Jackson to purchase any and all of its $701,913,000 outstanding
9 ½% Senior Notes due 2016 and up to $470,000,000 aggregate principal
amount of its $1,048,220,000 outstanding 11 ¼% Senior Notes due 2016, in
each case that are validly tendered in connection with Intelsat
Jackson's amended tender offers announced on April 12, 2012. Proceeds
from the sale of the notes may also be used to redeem or repurchase
notes not purchased in the applicable tender offer, to pay related fees
and expenses and for general corporate purposes.
The notes referred to above are being 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 United States in accordance with Regulation S under the Securities
Act and applicable exemptions from registration, prospectus or like
requirements under the laws and regulations of the relevant
jurisdictions outside the United States. The notes will not be
registered under the Securities Act and, until registered, may not be
ffered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. The notes
referred to above will also not be registered in any jurisdiction
outside of the United States and no action or steps will be taken to
permit the offer of the notes in any such jurisdiction where any
registration or other action or steps would be required to permit an
offer of the notes.
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, nor shall there be any offer, solicitation or sale of the
notes in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful.
About Intelsat
Intelsat is the leading provider of satellite services worldwide. For
over 45 years, Intelsat has been delivering information and
entertainment for many of the world's leading media and network
companies, multinational corporations, Internet Service Providers and
governmental agencies. Intelsat's satellite, teleport and fiber
infrastructure is unmatched in the industry, setting the standard for
transmissions of video, data and voice services. From the globalization
of content and the proliferation of HD, to the expansion of cellular
networks and broadband access, with Intelsat, advanced communications
anywhere in the world are closer, by far.
Intelsat Safe Harbor Statement
Some of the statements in this news release constitute "forward-looking
statements" that do not directly or exclusively relate to historical
facts. The forward-looking statements made in this release reflect
Intelsat's intentions, plans, expectations, assumptions and beliefs
about future events and are subject to risks, uncertainties and other
factors, many of which are outside of Intelsat's control. Known risks
include, among others, the risks included in Intelsat's annual report on
Form 10-K for the year ended December 31, 2011 and its other filings
with the U.S. Securities and Exchange Commission, the political,
economic and legal conditions in the markets we are targeting for
communications services or in which we operate and other risks and
uncertainties inherent in the telecommunications business in general and
the satellite communications business in particular. Because actual
results could differ materially from Intelsat's intentions, plans,
expectations, assumptions and beliefs about the future, you are urged to
view all forward-looking statements contained in this news release 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.

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