Intelsat SAreported the expiration, final results and anticipated settlement of thepreviously announced tender offers by its unit Intelsat Jackson Holdings SA topurchase its 6.625% senior notes due 2022, 5.5% senior notes due 2023 and 7.5%senior notes due 2021, for a cash consideration of up to $463 million.
Settlement will occur on the final settlement date, which isexpected to be July 15, the company said in a news release the same day. Thetender offers expired at 11:59 p.m. ET on July 14.
Intelsat Jackson plans to use the net proceeds from its 9.5%senior secured notes due 2022 issued on June 30, to finance the tender offers.
The principal amount tendered for the 6.625% notes was about$758 million, with principal amount to be purchased of about $673.5 million;the principal amount tendered for the 5.5% senior notes was about $1.03billion, and the principal amount tendered for the 7.5% senior notes about$335.9 million.