Intelsat S.A.
4 rue Albert Borschette, N4 L-1246 Luxemburg
Tel: +352-27-84-1600
http://www.intelsat.com/
Program:
Intelsat
Originally an international organisation, it was privatized in 2001 and
required to make an IPO. In Aug 2004, the firm was bought by Zeus Holdings
Limited, a company owned at 25% each by Apax Partners, Apollo Management,
Madison Dearborn Partners and Permira. Price tag would be $5 billion with
consideration of $2 billion debt.
In 2007, the company was acquired by Serafina Holdings Ltd., a group of
companies lead by BC Partners (71%) for $5 billion, with $11.4 billion in debt
remaining. FCC approved in Dec 2007.
IPO planned for 2012 occured a year later, in April 2013.
In March 2017, a merger with
Oneweb aka WorldVu
was announced on a share-for-share basis and in the same time SoftBank will
invest 1.7 billion USD, but Intelsat bondholders were reluctant and operation
failed.
The company filed voluntarily for Chapter 11 to restructure debt in May 2020.
The debt was reduced from 16 to 7 billion. The FCC granted the transfer of
authorisations to New TopCo SA (the restructured company) in Feb 2022.