Intelsat to fund $200 million tender with new notes likely via dealer Goldman Sachs

By Paul A. Harris

St. Louis, Jan. 14 - Intelsat Subsidiary Holding Co., Ltd., a subsidiary of Intelsat, Ltd., announced that it plans to fund a cash tender for two series of outstanding notes with an offering of new senior notes.

The size of the tender is $200 million, which is the likely size of the bond deal, according to Dianne VanBeber, Intelsat's director of investor relations.

Goldman Sachs & Co., the dealer manager for the tender, is the likely underwriter for the new senior notes, VanBeber added.

The tender is for $200 million of Intelsat's outstanding 7 5/8% senior notes due 2012 and 6½% senior notes due 2013.

The early participation date is Jan. 28. The tender expires on Feb. 11.

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

© 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.