TITLE

Investors Give $2.35B Intelsat Loan Mixed Reviews

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
December 2010
SOURCE
High Yield Report;12/13/2010, Vol. 21 Issue 50, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Bank of America Merrill Lynch, Credit Suisse and JPMorgan have launched marketing of a 2.35 billion U.S. dollar term loan B for Intelsat Jackson Holdings in December 2010. A mixed review from investors has been reportedly received by the deal, with some saying it is priced well, while others say it is over-levered. The satellite-telecommunications operator will use the proceeds from the term loan, along with a 500 million U.S. dollars revolver, to refinance existing debt.
ACCESSION #
56088633

 

Related Articles

  • Five Cos. Ready $1.4B in HY Deals. Sheahan, Matthew // High Yield Report;10/19/2009, Vol. 20 Issue 42, p11 

    The article reports on the junk bond offerings made by five companies which reflect the strong performance of the high yield bond primary market. The offerings totaled 1.4 billion U.S. dollars and that the high yield pipeline now stands at 4.13 billion U.S. dollars. Among the companies that...

  • Satcoms = $7 Billion. Covault, Craig // Aviation Week & Space Technology;9/15/2003, Vol. 159 Issue 11, p26 

    Banks and other investors have raised $7 billion in commercial communications satellite financing over the last year, an impressive figure indicating a recovery is underway in the satcom industry, Mark Piegza, a managing director at Bank of America Securities, told the Euroconsult meeting here....

  • Intelsat Jackson Seeks $1.75B TLB.  // Leveraged Finance News;11/25/2013, Vol. 3 Issue 45, p2 

    The article reports on the $1.75 billion six-year term loan B offer by fixed satellite firm Intelsat Jackson. The proceeds will be used by Intelsat to refinance part of its senior secured term loan that will mature in 2018 with maximum leverage and minimal interest. Intelsat carries a B...

  • TERM SHEETS.  // Bank Loan Report;5/6/2002, Vol. 17 Issue 18, p5 

    Presents an update on the issuance of revolving credit facility and term loans from corporations as of May 6, 2002.

  • BC Partners' Buy Of Intelsat Sparks Both Enthusiasm, Wariness. McCoy, J. J. // Satellite News;6/25/2007, Vol. 30 Issue 25, p1 

    The article reports on the announcement of the purchase of a majority stake in Intelsat Ltd. by private equity firm BC Partners with other investors and its impact on the satellite communications industry. The deal involves the acquisition of approximately 76% of primary ownership of Intelsat...

  • BUYOUT FIRMS BECOME SPACE INVADERS. Chen, Christine Y. // Fortune;8/23/2004, Vol. 150 Issue 4, p31 

    Examines the growing number of buyout firms purchasing satellite companies. Details of many acquisitions, such as the acquisition of PanAmSat by Kohlberg Kravis Roberts, Carlyle Group, and Providence Equity, who purchased the company from News Corp. in 2003; Reasons why satellite operators are...

  • Wall Street bulls chase Satcom boom. Anselmo, Joseph C.; Velocci, Jr., Anthony L. // Aviation Week & Space Technology;6/15/1998, Vol. 148 Issue 24, p56 

    Discusses the growing interest of investors in satellite communications technology (Satcom). Growth of the industry; Example of PanAmSat Corp., a privately-owned satellite network; Initial reaction to Satcom investing; Advantages; Why the industry was once dismissed as a risky and exotic...

  • Sea Launch's Karlsen: Operators Still More Focused on Launch Flexibility over Pricing. Holmes, Mark // Satellite News;4/6/2011, Vol. 34 Issue 14, p3 

    An interview with Sea Launch Co. LLC's president Kjell Karlsen is presented. When asked about the firm's business operation and launches, he replies that the firm is planning to launch two satellites in 2011, and has a couple of multi-launch agreements. Karlsen also comments on the launch of...

  • VULTURES CIRCLING. FARRELL, MIKE // Multichannel News;7/9/2001, Vol. 22 Issue 28, p1 

    Reports the plans of several investors to acquire the debts of Galaxy Telecom Incorporated and Classic Communications Incorporated in New York. Purpose of the plan; Advantage of the scheme to lenders; Identification of other firms acquired by such investors.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics