Americas Asia-Pacific EMEA















  

































     



Intelsat S.A. Announces Successful Completion of Consent Solicitation Relating to its 7⅝% Senior Notes due 2012 and 6½% Senior Notes due 2013

 

April 22, 2010

 

Intelsat S.A. has received the requisite consents to amend certain terms of the indenture governing its 7⅝% Senior Notes due 2012 (CUSIP No. 45820EAB8) (the “2012 notes”) and its 6½% Senior Notes due 2013 (CUSIP No. 45820EAH5) (the “2013 notes” and together with the 2012 notes, the “notes”). The consent solicitation expired at 5:00 p.m. New York City time on April 21, 2010 (the “Expiration Time”). Intelsat S.A. has been advised by Global Bondholder Services Corporation, the Tabulation and Information Agent, that, as of the Expiration Time, consents were delivered and not revoked in respect of at least a majority in aggregate principal amount of each of the 2012 notes and the 2013 notes. As a result, Intelsat S.A. and The Bank of New York Mellon (formerly The Bank of New York), as the trustee under the indenture governing the notes, will enter into a supplemental indenture implementing the amendments. The amendments amend the indenture for the notes to substantially align the restrictions on Intelsat S.A.'s ability to incur secured debt with similar restrictions applicable to certain of its subsidiaries and to make certain other technical changes to the indenture. Intelsat S.A. will make a payment to each security holder that validly delivered its consent prior to the Expiration Time, and did not validly revoke such consent, equal to 2.00% of the outstanding principal amount of the notes for which such security holder provided its consent.

 

Barclays Capital Inc. acted as the sole Solicitation Agent for the consent solicitation. Global Bondholder Services Corporation acted as the Tabulation and Information Agent.


 

talk Satellite welcomes comment - comment@talksatellite.com