Intelsat Luxembourg definition
Examples of Intelsat Luxembourg in a sentence
The Debtors have also provided a schedule of historical intercompany transactions from May 2014 between Debtor entities Intelsat S.A., Intelsat Investment Holdings S.a.r.l., Intelsat Holdings S.A., Intelsat Investments S.A., Intelsat (Luxembourg) S.A., Intelsat Envision Holdings LLC, Intelsat Connect Finance S.A., and Intelsat Jackson Holdings S.A., available at https://cases.stretto.com/intelsat/.
On December 22, 2016, Intelsat Jackson, Intelsat Luxembourg and Intelsat Connect Finance S.A., a subsidiary of Intelsat Luxembourg and parent of Intelsat Jackson (“ICF”), entered into a Joinder Agreement and a Release Agreement, which further amended the Intelsat Jackson Secured Credit Agreement.
January 2017 Intelsat Luxembourg Exchange Offer In January 2017, Intelsat Luxembourg completed a debt exchange (the “Second 2018 Luxembourg Exchange”), whereby it exchanged $403.3 million aggregate principal amount of its 6 3⁄4% Senior Notes due 2018 (the “2018 Luxembourg Notes”) for an equal aggregate principal amount of newly issued unsecured 12 1⁄2% Senior Notes due 2024 (the “2024 Luxembourg Notes”).
On April 26, 2012, Intelsat Jackson completed an offering of $1.2 billion aggregate principal amount of the 2020 Jackson Notes, which are fully and unconditionally guaranteed, jointly and severally, by the Parent Guarantors, Intelsat Luxembourg, ICF and the Subsidiary Guarantors.
The New Jackson Notes are guaranteed by the Parent Guarantors, Intelsat Luxembourg, ICF and certain of Intelsat Jackson’s subsidiaries.
Subsequent to the payment of the dividend, a subsidiary of Intelsat Luxembourg loaned an aggregate principal amount of $360 million to Intelsat Jackson (the “Intercompany Loan”) pursuant to a promissory note.
The indentures and credit agreements governing a substantial portion of the outstanding debt of Intelsat Luxembourg, ICF and Intelsat Jackson and their respective subsidiaries permit each of these companies to make payments to their respective direct and indirect parent companies to fund the cash interest payments on such indebtedness, so long as no default or event of default shall have occurred and be continuing or would occur as a consequence thereof.
Significant Intercompany Transaction During the third quarter of 2015, Intelsat Jackson declared and paid a dividend of $360 million in cash to its direct parent at the time, Intelsat Luxembourg, also one of our subsidiaries.
Of this amount, $748 million is attributable to Intelsat Jackson, $158 million is attributable to Intelsat Luxembourg and $90 million is attributable to Intelsat Connect.
The New Jackson Notes are fully and unconditionally guaranteed, jointly and severally, by Intelsat S.A., Intelsat Holdings, Intelsat Investment Holdings S.à r.l. and Intelsat Investments (collectively, the “Parent Guarantors”); Intelsat Luxembourg and certain wholly-owned subsidiaries of Intelsat Jackson (the “Subsidiary Guarantors”).