Intelsat S.A. Announces Proposed Amendment of Intelsat Jackson Holdings S.A.’s Senior Secured Credit Agreement And Confirms 2017 Guidance
Luxembourg, 13 December 2017
Intelsat S.A. (NYSE: I) (“Intelsat”), operator of the world’s first Globalized Network and leader in integrated satellite communications, today announced that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), is seeking to amend its senior secured credit agreement (the “Credit Agreement”), which governs its approximately $3.1 billion senior secured term loan facility (the “Term Loan”), to, among other things, extend the maturity of at least a portion of the existing Tranche B-2 of the Term Loan. The proposed amendment to the Credit Agreement is subject to market and other conditions, and there can be no assurance that Intelsat Jackson will be able to enter into the amendment as described or at all.
In connection with lender meetings related to the proposed amendment to the Credit Agreement described above, members of Intelsat S.A.’s senior management team are confirming Intelsat’s guidance for full year 2017 results as previously provided on October 26, 2017.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network, powered by its leading satellite backbone, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat’s Globalized Network combines the world’s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live.
