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Intelsat ends Q3 with $14.72 billion of total debt outstanding
By Lisa Kerner
Charlotte, N.C., Nov. 13 – Intelsat SA ended its third quarter with $255 million of free cash flow from operations, down from $303 million in the prior-year period, according to a presentation at the Morgan Stanley 2015 European Technology, Media and Telecom Conference in Barcelona, Spain, on Friday.
Revenue was also down at $581 million, compared to $609 million at Sept. 30, 3014. Year-to-date revenue totaled about $1.78 billion.
Adjusted EBITDA was $458 million or 79% of revenue. This compares to $485 million or 80% of revenue for the third quarter of 2014. Year-to-date adjusted EBITDA was about $1.4 billion or 79% of total revenue.
Intelsat SA had total debt outstanding of $14.72 billion at quarter-end.
The presentation detailed Intelsat (Luxembourg) SA’s $3.5 billion of debt which included $500 million of 6¾% senior notes due 2018, $2 billon of 7¾% senior notes due 2021 and $1 billion of 8 1/8% senior notes due 2023.
Intelsat Jackson Holdings SA’s $11.22 billion of debt included senior notes totaling $8.13 billion.
Intelsat is a McLean, Va.-based provider of satellite services.
© 2015 Prospect News.
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