TITLE

PanAmSat Takes Another Shot At Repricing In Light Of IPO

AUTHOR(S)
K. K.
PUB. DATE
January 2005
SOURCE
Bank Loan Report;1/17/2005, Vol. 20 Issue 2, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that it didn't take PanAmSat Holding Corp. and its lead bank Citigroup long to come to market for the second time with a repricing proposal--which emerged earlier this month--for its $1.66 billion term loan B. The company emerged with its first repricing proposal just last month, but investors held out against it until it was withdrawn. The new repricing is contingent upon PanAmSat's going forward with the IPO. On December 20, the company filed a registration statement with the Securities and Exchange Commission for a $1.12 billion IPO of its common stock.
ACCESSION #
15716540

 

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