The notes are due 2030 and will partly finance distributions under Intelsat’s chapter 11 reorganization

Davis Polk advised placement agents in connection with the section 4(a)(2) private placement by Intelsat Jackson Holdings, S.A. of $3 billion aggregate principal amount of 6.500% first-lien secured notes due 2030.

The proceeds of the notes will be used in part by Intelsat to refinance existing debt and to fund distributions under the reorganization plan confirmed by United States Bankruptcy Court for Intelsat to emerge from chapter 11 bankruptcy.

As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless and secure coverage precisely when and where their customers most need it.

The Davis Polk capital markets team included partner Marcel Fausten and associates Joze Vranicar and Courtney Y. Sohn. The restructuring team included partner Eli J. Vonnegut, counsel Aryeh Ethan Falk and associates Stella Li and Helen Zhang. All members of the Davis Polk team are based in the New York office.

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