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Intelsat calls Intelsat Jackson’s $500 million of 8˝% notes due 2019
New York, Sept. 30 – Intelsat SA said it will redeem all $500 million of the 8˝% senior notes due 2019 issued by subsidiary Intelsat Jackson Holdings SA.
The issuer will pay a price of 104.25 plus accrued interest up to the redemption date of Nov. 1.
Intelsat will use general corporate funds to pay for the call.
In addition, the company confirmed its previous guidance stating that it expects to reduce its debt by $475 million this year, including $24 million of amortization payments to be made under the credit facility of a joint venture.
Intelsat is a McLean, Va.-based provider of satellite services.
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