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Published on 8/4/2006 in the Prospect News High Yield Daily.

Inmarsat buys back $33.6 million more 7 5/8% senior notes

By Laura Lutz

Des Moines, Aug. 4 - Inmarsat Holdings Ltd. subsidiary Inmarsat Investments Ltd. repurchased $33.6 million of the 7 5/8% senior notes due 2012 issued by Inmarsat subsidiary Inmarsat Finance plc during the second quarter, according to a 6-K filing with the Securities and Exchange Commission.

Inmarsat also bought $20 million of the notes between December 2005 and March 2006.

The company had repurchased 17% of the outstanding senior notes as of June 30.

Inmarsat is a London-based mobile satellite communication services company.


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