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.
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