Intelsat Announces Proposed Redemption of 5¼% Senior Notes due 2008
Pembroke, Bermuda, 5 February 2008
Intelsat, Ltd., the world’s leading provider of fixed satellite services, today announced, in connection with the successful closing of its acquisition by BC Partners Holdings Limited and Silver Lake, that it intends to redeem all of its outstanding $400 million 5¼% Senior Notes due 2008 (the “Notes”).
Intelsat, Ltd. has issued a notice of redemption pursuant to the indenture for the Notes stating that it intends to redeem all of such Notes on 5 March 2008 (the “Redemption Date”). The redemption price for the Notes will be determined in accordance with the indenture plus accrued and unpaid interest thereon to the Redemption Date.