[NYSE: I], provider of satellite services, today announced that its subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), has received the requisite consents to amend certain terms of the indenture governing its 8½ percent Senior Notes due 2019 (the “Notes”) in connection with its previously announced Consent Solicitation (defined below).

The amendments, among other things, amend the indenture governing the Notes so that Intelsat Jackson and its restricted subsidiaries would be permitted to make certain Restricted Payments (as defined in the indenture) if, after giving effect to such transaction on a pro forma basis, Intelsat Jackson’s Debt to Adjusted EBITDA Ratio (as defined in the indenture) would be less than or equal to 6.0 to 1.0, in each instance of such Restricted Payment, rather than 5.5 to 1.0 (the “Proposed Amendments”).

As previously announced, on May 13, 2013, Intelsat Jackson solicited the consent of the holders of the Notes to the amendments described above (the “Consent Solicitation”).

The Consent Solicitation is subject to the terms and conditions set forth in the Consent Solicitation Statement, dated May 13, 2013, as modified by Intelsat’s press release of earlier today increasing the Consent Payment to $22.50 (the “Consent Solicitation Statement”).

As of 5:00 p.m., New York City time, on May 20, 2013 (the “Consent Time”), Intelsat Jackson has been advised by Global Bondholder Services Corporation, as Depositary for the Consent Solicitation, that the requisite consent of noteholders was obtained, and Intelsat Jackson and Wells Fargo Bank, National Association, as trustee under the indenture governing the Notes, entered into a supplemental indenture implementing the amendments to the indenture governing the Notes.

More information is available here