FOR IMMEDIATE RELEASE
NEW YORK, March 29, 2016 – Milbank, Tweed, Hadley & McCloy represented the Goldman, Sachs & Co., Guggenheim Securities, LLC and J.P. Morgan Securities, as initial purchasers, in Intelsat Jackson Holdings S.A.’s (Intelsat Jackson), $1.25 billion offering of 8% senior secured notes due 2024. Intelsat Jackson operates the world’s largest satellite services business and features a fleet of approximately 50 geosynchronous satellites that covers more than 99% of the world’s populated regions.
Intelsat plans to use the net proceeds of the Rule 144A and Regulation S offing for general corporate purposes. The notes are guaranteed by Intelsat Jackson’s direct owner, Intelsat (Luxembourg) S.A., and certain subsidiaries and secured by a first priority security interest in substantially all existing and future assets of Intelsat Jackson and the subsidiary guarantors, and the shares held in Intelsat Jackson by its direct owner.
Leading the deal team was New York based Transportation and Space partner Peter Nesgos and Global Securities partners Arnie Peinado and Brett Nadritch along with Washington, DC-based Transportation and Space partner Dara Panahy.
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