Intelsat S.A. (NYSE: I), operator of the world´s first Globalized Network and provider of integrated satellite solutions, has announced that its indirect subsidiary, Intelsat Connect Finance S.A. (“ICF”), is commencing a cash tender offer (the “Offer”) to purchase any and all of the outstanding 6 3â4% Senior Notes due 2018 (CUSIP No. 458204 AN4; ISIN No. US458204AN49) issued by Intelsat (Luxembourg) S.A., a subsidiary of Intelsat S.A. and ICF´s direct parent company, that are not already held by ICF (the “Notes”), the company said.
ICF´s obligation to accept and pay for the Notes in the Offer is subject to satisfaction or waiver, in ICF´s sole discretion, of certain conditions of the Offer prior to the expiration date. The Offer is not conditioned upon any minimum amount of Notes being tendered or ICF obtaining any specific financing.
The Offer is scheduled to expire at 12:00 midnight, New York City time, on March 30, 2018 (the “Expiration Time”), unless extended or earlier terminated by ICF.
The total consideration (the “Total Consideration”) payable for each USD 1,000 principal amount of Notes validly tendered at or prior to 5:00 p.m., New York City time, on Thursday, March 15, 2018.
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.