Intelsat is selling some bonds and buying back others, the...
Intelsat is selling some bonds and buying back others, the satellite company said in news releases Wednesday. The company said its Intelsat Jackson Holdings will sell $640 million in face value of senior notes due 2022, and the unit’s offering…
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to repurchase for cash any of the $603 million in principal of 11.25 percent senior notes due in 2016 that are outstanding. The money from the note sale will be used to buy back the shorter-dated notes, Intelsat said.