Intelsat Announces Final Results and Final Settlement of Tender Offer

Luxembourg, April 2, 2018-- Intelsat S.A.  today announced the final results of its previously announced tender offer by its indirect subsidiary, Intelsat Connect Finance S.A. (“ICF”), to purchase for cash any and all of the outstanding 6 3⁄4% Senior Notes due 2018 (CUSIP No. 458204 AN4; ISIN No. US458204AN49) issued by Intelsat (Luxembourg) S.A., a subsidiary of Intelsat S.A. and ICF’s direct parent company, that are not already held by ICF.


The Offer expired at 12:00 midnight, New York City time, on March 30, 2018 (the “Expiration Time”). A total of $5,006,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn after 5:00 p.m., New York City time, on March 15, 2018 (the “Early Tender Time”), and at or prior to the Expiration Time. As previously announced, ICF accepted for purchase a total of $26,126,000 aggregate principal amount of the Notes validly tendered and not validly withdrawn at the Early Tender Time. On April 2, 2018, ICF accepted for purchase $5,006,000 aggregate principal amount of the Notes validly tendered and not validly withdrawn after the Early Tender Time and at or prior to the Expiration Time, as set forth in the table below.

Title of Security CUSIP/ISIN Number Principal
Amount
Outstanding		 Tender Offer Consideration(1) Principal Amount Tendered after Early Tender Time Principal Amount Accepted at Expiration Time
6 3/4% Senior Notes due 2018 CUSIP No. 458204 AN4
ISIN No. US458204AN49		 $96,650,00 $995.00 $5,006,000 $5,006,000


(1) Per $1,000 principal amount of Notes and excluding accrued and unpaid interest up to, but not including, the applicable Final Settlement Date, which will be paid in addition to the Tender Offer Consideration.

In addition, on April 2, 2018, Intelsat (Luxembourg) S.A. issued a notice of redemption pursuant to the indenture governing the Notes, that it intends to redeem $46,000,000 principal amount of the Notes at a redemption price equal to 100.000% of the principal amount of the Notes, together with accrued and unpaid interest and additional interest (if any) thereon, to the expected redemption date of May 2, 2018, which will also serve as the record date for the redemption. Payment with respect to the redemption will be made on May 2, 2018, and is expected to be funded from general corporate funds.