Intelsat to offer $700M ofIntelsat Jackson 8.500% senior notes due 2024

|About: Intelsat SA (I)|By:, SA News Editor

Intelsat Jackson Holdings S.A., a subsidiary of Intelsat S.A. (NYSE:I) intends to offer $700M aggregate principal amount of its 8.500% Senior Notes due 2024.

Intelsat Jackson intends to use the net proceeds from the sale of the Notes to fund the repurchase or redemption of all of Intelsat Jackson’s outstanding 7.50% Senior Notes due 2021 and expects to discharge the 2021 Senior Notes in full.

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