Intelsat S.A. (NYSE: I), the world’s leading provider of fixed satellite services, today announced that Intelsat Jackson Holdings S.A., its indirect wholly-owned subsidiary (“Intelsat Jackson”), has amended its senior secured credit agreement, which governs its approximately $3.1 billion senior secured term loan facility and $500 million revolving credit facility, effective today.

Among other things, the amendment reduced the interest rates applicable to borrowings under the term loan facility and extended the maturity of the term loan facility. In addition, it also reduced the interest rates applicable to $450 million of the $500 million total revolving credit facility and extended the maturity of such portion.

As a result of the amendment, interest rates for borrowings under the term loan facility and the new tranche of the revolving credit facility will be either the LIBOR rate plus 2.75%, a reduction from the rate applicable prior to the amendment of the LIBOR rate plus 3.00%, or the ABR plus 1.75%, a reduction from the rate applicable prior to the amendment of the ABR plus 2.00%.

The LIBOR rate and the ABR applicable to the term loan facility and the new tranche of the revolving credit facility will be determined as specified in the credit agreement, and the LIBOR rate will not be less than 1.00% per annum, a reduction from the floor of 1.25% prior to the amendment. The interest rates applicable to the $50 million tranche of the revolving credit facility that was not amended will remain the same.

In addition, the maturity date of the term loan facility was extended from April 2, 2018 to June 30, 2019 and the maturity date of the new $450 million tranche of the revolving credit facility was extended from January 12, 2016 to July 12, 2017. The maturity date of the $50 million tranche of the revolving credit facility that was not amended will remain January 12, 2016.

All other material provisions, including covenants under the existing credit agreement, remain unchanged.

Bank of America Merrill Lynch, J.P. Morgan and Credit Suisse served as joint lead arrangers and joint book runners. Barclays, Morgan Stanley, Deutsche Bank and Goldman Sachs served as joint book runners and HSBC served as manager.

About Intelsat

Intelsat is the leading provider of fixed satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.

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