Exclusive: SoftBank to let OneWeb-Intelsat merger collapse - sources

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Go back to Exclusive: SoftBank to let OneWeb-Intelsat merger collapse - sources

Intelsat (I) Terminates Debt Exchange Offers and Announces Anticipated Termination of Agreement with OneWeb, Share Purchase Agreement with SoftBank

June 1, 2017 6:23 AM EDT

Intelsat S.A. (NYSE: I) today announced that the previously announced (i) offer or offers to exchange (collectively, the Exchange Offers) certain of the respective outstanding senior unsecured notes (the Existing Notes) issued by its indirect wholly-owned subsidiaries, Intelsat Jackson Holdings S.A., Intelsat Connect Finance S.A., and Intelsat (Luxembourg) S.A. (collectively, the Issuers) and (ii) solicitation or solicitations of consents (collectively, the Consent Solicitations) to amend the indentures governing the Existing Notes expired pursuant to their terms... More