Intelsat S.A. (NYSE: I) has announced the commencement of a public offering by certain of the company´s shareholders (the “Selling Shareholders”) of 10,000,000 of the company´s common shares, nominal value USD 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), subject to market conditions and other factors, the company said.
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 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.