Intelsat proposes offering of 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 subsidiary Intelsat Jackson Holdings S.A. intends to offer USD 2.0 billion aggregate principal amount of senior notes due 2024, the company said.

Intelsat Jackson´s obligations under the Notes will be guaranteed by certain of Intelsat Jackson´s subsidiaries that guarantee its obligations under its senior secured credit facilities, its 9.50% Senior Secured Notes due 2022, and its 8.00% Senior Secured Notes due 2024.

In addition, Intelsat, Intelsat Investment Holdings S.àr.l., Intelsat Holdings S.A., Intelsat Investments S.A., Intelsat (Luxembourg) S.A. and Intelsat Connect Finance S.A., which are direct or indirect parent companies of Intelsat Jackson, will guarantee the Notes as of their issue date.

In connection with the offering of the Notes, Intelsat Jackson expects to launch a tender offer for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Senior Notes”), which is expected to close substantially concurrently with the consummation of the offering of the Notes.

Intelsat Jackson expects to use the net proceeds from the sale of the Notes to finance the tender offer and to fund the redemption of any 2020 Senior Notes not tendered in the tender offer.

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