Examples of PanAmSat Holdco in a sentence
The Company acquired PanAmSat Holdco to expand its global satellite fleet, to rationalize its fleet and ground infrastructure, and to enhance service offerings to its customers.
As part of this transaction, approximately $3.2 billion in existing debt of PanAmSat Holdco and its subsidiaries was either refinanced or remained outstanding.In connection with, and in order to effect, the transactions contemplated by the Merger Agreement and the related financing, the following transactions occurred:• Intelsat Bermuda created a new direct wholly-owned subsidiary, Intelsat Intermediate Holding Company, Ltd.
On July 3, 2006, Intelsat Bermuda completed the acquisition of PanAmSat Holdco.
Adjustment also includes expenses incurred by PanAmSat Holdco related to restructuring charges representing severance costs, leasehold termination costs and other facility closure costs, as well as other non-recurring gains and losses incurred by PanAmSat Holdco related to non-cash stock compensation expense, expenses for management advisory services from its prior sponsors, gains and losses on fixed asset disposals and other non-recurring items.
Pursuant to the Merger Agreement, the stockholders of PanAmSat Holdco received $25.00 per common share, plus approximately $0.00927 as the pro rata share of undeclared regular quarterly dividends, in cash.Merger Sub was newly formed for the purpose of consummating the PanAmSat Acquisition Transactions.
Notwithstanding the foregoing, neither (i) the Acquisition (and any related change in the composition of the Board of Directors of PanAmSat Holdco in connection therewith) nor (ii) any Specified Merger/Transfer Transaction, shall constitute a Change of Control.
The values of the assets acquired and liabilities assumed have been based on a purchase price which was calculated as follows: Cash paid$ 3,168,201Transaction costs87,106 $ 3,255,307 The PanAmSat Acquisition Transactions included the payment of a substantial portion of the cash purchase price paid to the PanAmSat Holdco shareholders by PanAmSat Holdco and Intelsat Corp.
PanAmSat Holdco also had recorded liabilities in connection with its 2002approval of a plan to restructure several of its United States locations and close certain facilities, some of which are currently being leased through 2011.