Intelsat S.A. (I) announced that its subsidiary, Intelsat Jackson Holdings S.A., intends to offer $2 billion aggregate principal amount of senior notes due 2023. Intelsat Jackson also intends to offer $635 million aggregate principal amount of its 65/8% Senior Notes due 2022.
The net proceeds from the sale of the notes, together with other available cash, are expected to be used by Intelsat Jackson to repay all amounts outstanding under its two senior unsecured credit agreements.
Intelsat Jackson expects to make a dividend to Intelsat Luxembourg S.A., which will use such funds and other available cash to redeem all of its 111/4% Senior Notes due 2017 in its previously announced redemption on June 12, 2013. The remaining net proceeds are expected to be used to pay related fees and expenses and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.