Intelsat SA I:NYSE

Last Price$6.05NYSE Previous Close - Last Trade as of 6:30PM ET 12/13/19
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Intelsat Unit Upsizes, Prices $400 Mln Senior Notes Offering

4:02AM ET 6/07/2019 MT Newswires
Intelsat (I), a Luxembourg-based satellite telecommunications company, said Thursday that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings SA, has priced a private offering of $400 million of 9.750% senior notes due 2025.

The amount represents an increase of $100 million from the previously announced $300 million offering. The notes will be sold at an issue price of 100.000% of par plus accrued and unpaid interest from Jan. 15.

The offering of the notes is expected to close on June 11. Intelsat Jackson plans to use net proceeds from the sale of the notes for working capital and general corporate purposes.

Price: 18.02, Change: +0.33, Percent Change: +1.87