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ARTICLE · 12 APRIL 2016

Space Business Review March 2016

Milbank
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On March 29, Intelsat S.A. (Intelsat), through its indirect subsidiary Intelsat Jackson Holdings S.A. (Intelsat Jackson), placed $1.25b aggregate principal amount of 8% senior secured notes due 2024 at an offering price of 100%.

United StatesTransport
Dara Panahy
Dara Panahy
Bijan Ganji
Bijan Ganji
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INTELSAT CLOSES $1.25B BOND OFFERING

On March 29, Intelsat S.A. (Intelsat), through its indirect subsidiary Intelsat Jackson Holdings S.A. (Intelsat Jackson), placed $1.25b aggregate principal amount of 8% senior secured notes due 2024 at an offering price of 100%. Intelsat plans to use the net proceeds from the notes for general corporate purposes. The notes are guaranteed by Intelsat Jackson's direct owner, Intelsat (Luxembourg) S.A., and certain subsidiaries and secured by a first priority security interest in substantially all existing and future assets of Intelsat Jackson and the subsidiary guarantors, and the shares held in Intelsat Jackson by its direct owner.

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