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Intelsat Amends $3.75 Billion Senior Secured Credit Facilities
- Client News
- November 27, 2013
Practices
Paul, Weiss client Intelsat (NYSE: I), a leading global provider of fixed satellite services, amended its existing senior secured credit agreement, which governs its approximately $3.1 billion senior secured term loan facility and $500 million revolving credit facility. 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, the amendment also reduced the interest rates applicable to $450 million of the $500 million total revolving credit facility and extended the maturity of such portion of the revolving credit facility. Bank of America Merrill Lynch, J.P. Morgan and Credit Suisse served as joint lead arrangers and joint bookrunners.
The Paul, Weiss team included corporate partners Raphael Russo and Mark Wlazlo.