Intelsat prices upsized offering of 2024 senior debt
Sep. 5, 2018 11:34 PM ET|About: Intelsat SA (I)|By: Jason Aycock, SA News Editor
Intelsat (NYSE:I) says its subsidiary Intelsat Jackson Holdings has priced an upsized offering of senior debt.
The company's raised the offering to $2.25B worth of 8.5% senior notes due 2024.
In connection with the offering, the unit expects to launch a tender offer for its outstanding 7.25% senior notes due 2020.
Shares wrapped up the regular session on NYSE down 6.1% Wednesday.
Sep. 5, 2018 11:34 PM ET|About: Intelsat SA (I)|By: Jason Aycock, SA News Editor
Intelsat (NYSE:I) says its subsidiary Intelsat Jackson Holdings has priced an upsized offering of senior debt.
The company's raised the offering to $2.25B worth of 8.5% senior notes due 2024.
In connection with the offering, the unit expects to launch a tender offer for its outstanding 7.25% senior notes due 2020.
Shares wrapped up the regular session on NYSE down 6.1% Wednesday.