Intelsat S.A. (NYSE: I) indirect wholly owned subsidiaries, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), Intelsat Connect Finance S.A. (“ICF”), and Intelsat (Luxembourg) S.A. (“Intelsat Luxembourg”) each has issued an offer or offers to exchange (collectively, the “Exchange Offers”) certain of its respective outstanding senior unsecured notes for new Exchange Notes, the company said.
The Exchange Offers and related Consent Solicitations are being conducted between Intelsat and WorldVu Satellites Limited (“OneWeb”), in which OneWeb will combine with Intelsat subject to the conditions set forth in the Combination Agreement.
Each series of Exchange Notes will, by its terms, be mandatorily exchanged for cash, Final Jax Notes, and/or common shares of Intelsat.
Intelsat operates the world´s first Globalized Network, powered by its satellite backbone, 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.