Intelsat DIP-to-exit financing on emergence from Chapter 11
- Issuer or borrower
- Intelsat
- Date
- 20 Dec 2021
- Amount
- US$7.88bn
- Type
- Bank facility
- Structure
- DIP-to-exit financing: $500m revolver, $1.0bn term loan A, $3.375bn term loan B and $3.0bn secured notes; c.$6.7bn reported in place at emergence on 23 Feb 2022
- Country
- Luxembourg
Sources
- Intelsat Form 8-K: DIP-to-exit financing sec.gov · 20 Dec 2021
- Via Satellite: Intelsat emerges from bankruptcy satellitetoday.com · 24 Feb 2022
Checked against the documents above. Record ORB-2021-0002.
Other financings by Intelsat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 7 Jun 2019 | Intelsat US$400m 9.750% senior notes due 2025 | Bond | US$400m |
| 3 Oct 2018 | Intelsat US$700m 8.500% senior notes due 2024 | Bond | US$700m |
| 6 Sep 2018 | Intelsat US$2,000m 8.500% senior notes due 2024 | Bond | US$2bn |
| 2 Aug 2018 | Intelsat US$1,000m 9.50% senior notes due 2023 | Bond | US$1bn |
| 14 Jun 2018 | Intelsat US$350m 4.50% convertible senior notes due 2025 | Convertible | US$350m |
| 19 Jun 2017 | Intelsat US$1,500m 7.25% senior notes due 2025 | Bond | US$1.5bn |
M&A and investment involving Intelsat
| Date | Deal | Type | Value |
|---|---|---|---|
| 17 Jul 2025 | SES acquisition of Intelsat | M&A | US$2.6bn |
| 1 Dec 2020 | Intelsat acquisition of Gogo Commercial Aviation | M&A | US$400m |
