By Paul Deckelman
New York, June 19 – Intelsat Jackson Holdings SA priced $1.5 billion of eight-year senior notes (CCC+) on Monday, high-yield syndicate sources said.
The quick-to-market offering was priced to yield 9¾%.
The notes were sold under Rule 144A and Regulation S.
Intelsat Jackson, a wholly owned subsidiary of Luxembourg-based communications satellite company Intelsat SA, plans to use the net proceeds of the notes deal, along with other available cash on hand, to fund the redemption of all $1.5 billion of its currently outstanding 7¼% senior notes due 2019 and to pay related fees and expenses.
| Issuer: | Intelsat Jackson Holdings SA
|
| Amount: | $1.5 billion
|
| Securities: | Senior notes
|
| Maturity: | 2025
|
| Coupon: | 9¾%
|
| Trade date: | June 19
|
| Settlement date: | July 5
|
| Ratings: | S&P: | CCC+
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Marketing: | Quick-to-market
|
|
|
© 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.
