Luxembourg, 21 December 2010
Intelsat S.A. today announced that its subsidiary, Intelsat Corporation (“Intelsat Corp”), intends to redeem all of the $111,833,000 aggregate principal amount outstanding of its 9¼% Senior Notes due 2014 (the “2014 Notes”) and all of the $41,000 aggregate principal amount outstanding of its 67/8% Senior Secured Debentures due 2028 (the “2028 Notes”).
Intelsat Corp has issued a notice of redemption pursuant to the indenture for the 2014 Notes stating that it intends to redeem all of the 2014 Notes on January 20, 2011, or such later date to which such redemption may be extended by Intelsat in its sole discretion (such date, as it may be extended, the “2014 Notes Redemption Date”). The redemption price for the 2014 Notes will be determined in accordance with the indenture for the 2014 Notes plus accrued and unpaid interest thereon to the 2014 Notes Redemption Date.
Intelsat Corp has issued a notice of redemption pursuant to the indenture for the 2028 Notes stating that it intends to redeem all of the 2028 Notes on December 27, 2010, or such later date to which such redemption may be extended by Intelsat in its sole discretion (such date, as it may be extended, the “2028 Notes Redemption Date”). The redemption price for the 2028 Notes will be determined in accordance with the indenture for the 2028 Notes plus accrued and unpaid interest thereon to the 2028 Notes Redemption Date.
About Intelsat
Intelsat is the leading provider of fixed satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.
Intelsat Safe Harbor Statement:
Some of the statements in this news release constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release reflect Intelsat’s intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks. Detailed information about some of the known risks is included in Intelsat’s annual report on Form 10-K for the year ended 31 December 2009, Intelsat’s Registration Statement on Form S-1 and Intelsat’s other periodic reportsfiled with the U.S. Securities and Exchange Commission. Because actual results could differ materially from Intelsat’s intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
