Intelsat Ltd. has announced their subsidiary, Intelsat Subsidiary Holding Company, Ltd. (“Intelsat Sub Holdco”), intends to offer senior notes (the “notes”), the net proceeds of which will be used to fund Intelsat Sub Holdco’s cash tender offer with respect to Intelsat, Ltd.’s outstanding 7.625 percent Senior Notes due 2012 and 6.50 percent Senior Notes due 2013.,/font>
The notes referred to above will be offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. The notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
