Intelsat prices senior notes

Intelsat S.A. (NYSE: I), operator of the world´s first Globalized Network and provider of integrated satellite communications, has announced that its indirect wholly owned subsidiary, Intelsat Connect Finance S.A. (“Intelsat Connect”), has priced a private offering of its 9.50% senior notes due 2023 (the “Notes”), the company said.

The aggregate principal amount of the Notes to be issued in the offering has been increased from an initially contemplated USD 1.0 billion to USD 1.25 billion.

Intelsat Connect expects to use the net proceeds from the sale of the Notes and other available cash to fund the redemption and discharge of all USD 732 million principal amount of Intelsat Connect´s outstanding 12.50% Senior Notes due 2022 (the “2022 Senior Notes”) and/or to fund any private transactions to purchase and cancel the 2022 Senior Notes, to directly or through its subsidiaries purchase 7.25% Senior Notes due 2020 of, and other unsecured notes of, Intelsat Jackson Holdings S.A., to pay related fees and expenses, and any remainder for general corporate purposes.

The Intelsat Connect obligations under the notes will be guaranteed by Intelsat Envision Holdings LLC and Intelsat (Luxembourg) S.A., which are indirect wholly owned subsidiaries of Intelsat and direct or indirect parent companies of Intelsat Connect.

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. For more information, visit www.intelsat.com.