High Yield Satellite Industry Financings

• Intelsat $2.55 billion Senior Notes offering (January, 2005) (representing Apax Partners, Permira Advisers, Apollo Management and Madison Dearborn).

• PanAmSat $1.01 billion Senior Notes offering (August, 2004) (representing Credit Suisse First Boston, Citigroup, Bear Stearns & Co and Lehman Bros., as special space counsel).

• PanAmSat $800 million offering of Senior Notes (January, 2002) (representing Credit Suisse First Boston and Deutsche Banc Alex. Brown in specific and limited issues).

• iSKY, Inc. $300 million offering of Senior Notes (November, 1999) (representing iSKY).

• Iridium LLC. $350 million offering of Senior Notes (May, 1998), $300 million offering of Senior Notes (October, 1997) and $800 million offering of Senior Notes (July, 1997)
  (representing Chase Securities Inc., Merrill Lynch and Co. and Barclays Capital).

• EchoStar DBS Corp. $2 billion offering of Senior Notes (January, 1999)
  (representing EchoStar).

• Eurasiasat S.A.M. $150 million offering of Senior Notes (July, 1998) (withdrawn)
  (representing Eurasiasat).

• West Indian Space, Ltd. $150 million offering by Senior Discount Notes (withdrawn)
  (representing West Indian Space).

• P.T. Datakom Asia. $260 million offering of Guaranteed Senior Notes (July, 1997)
  (representing Merrill Lynch, Donaldson, Lufkin & Jenrette and Morgan Stanley).

• Orion Network Systems. $710 million offering of Senior Notes (January, 1997)
  (representing Lockheed Martin as limited partner).

• ICO Global Communications. $410 million and Euro 100 million Senior Notes
  (representing the bondholders in the chapter 11 proceedings of ICO Global).

• Asia Cellular Satellite (ACeS). Draft offering of Senior Subordinated Second Priority Secured Discount Notes (June, 1997) (representing syndicate of international banks).

• African Continental Telecommunications (ACTEL). Draft offering of Senior Notes (August, 1998) representing ACTEL as special satellite counsel).