Intelsat gets $481 million unsecured term loan

By Sara Rosenberg

New York, June 4 - Intelsat Intermediate Holding Co Ltd. closed on a new roughly $481 million 9.5% senior unsecured term loan due 2015, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Credit Suisse, Bank of America and Morgan Stanley acted as the joint lead arrangers on the deal that was completed on June 3, with Credit Suisse the administrative agent.

Proceeds from the term loan were used to fund the change-of-control offer for the company's 9¼% senior discount notes due 2015.

Intelsat is a Pembroke, Bermuda-based provider of fixed satellite services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.