Intelsat Announces Proposed Redemption Of Floating Rate Senior Notes Due 2012

SPACEMART

by Staff Writers
Pembroke, Bermuda (SPX) Jan 11, 2007
Intelsat has announced that Intelsat Subsidiary Holding Company intends to redeem all of its outstanding $1.0 billion Floating Rate Senior Notes due 2012 (the "Notes"). Intelsat Subsidiary Holding Company, Ltd. has issued a notice of redemption pursuant to the indenture for the Notes stating that it intends to redeem all of the Notes on 2 February 2007 (the "Redemption Date") at a redemption price equal to 101% of the principal amount of the Notes plus accrued and unpaid interest thereon to the Redemption Date (together, the "Redemption Payment").

The redemption of the Notes is conditioned upon Intelsat Subsidiary Holding Company, Ltd. receiving sufficient funds on the Redemption Date from a term loan borrowing by its parent Intelsat (Bermuda), Ltd.

The term loan borrowing is expected to be made pursuant to a new unsecured credit agreement that Intelsat (Bermuda), Ltd. intends to enter into to fund the Redemption Payment, which borrowing will be guaranteed by Intelsat Subsidiary Holding Company, Ltd. and the same subsidiaries of Intelsat Subsidiary Holding Company, Ltd. that guarantee the Notes.

SPACEMART

KVH Introduces World's Smallest Stabilized Marine Antenna For European Satellite TV

Middletown RI (SPX) Jan 09, 2007
With the introduction of its new TracVision M3 marine satellite TV system for Europe today at the London Boat Show, KVH Industries shows the boating world that great things can come in small packages. Available for mariners throughout Europe for the very first time, the TracVision M3 is the world's smallest stabilized marine satellite TV system and is ideal for installation aboard vessels as small as 25 feet.

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