Intelsat Announces Settlement of Tender Offer for Intelsat Jackson Holdings S.A.’s Outstanding 7 ¼% Senior Notes due 2020

Luxembourg, September 19, 2018 — Intelsat S.A. (NYSE: I) today announced the settlement of its previously announced tender offer  by its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A., to purchase any and all of its outstanding 7 ¼% Senior Notes due 2020.

Intelsat said the offer expired at 5:00 p.m., New York City time, on September 14, 2018.  Based on final information provided to Intelsat Jackson by Global Bondholder Services Corporation, the depositary and information agent for the Offer, $1,723,269,000 in aggregate principal amount of the Notes were validly tendered (and not validly withdrawn) at or prior to the Expiration Time, and Intelsat Jackson accepted all of such Notes, as set forth in the table below.

Settlement of the Offer was completed by Intelsat Jackson as of September 19, 2018, as set forth in the Offer to Purchase and the Notice of Guaranteed Delivery, each dated as of September 10, 2018.  Intelsat Jackson used a portion of the net proceeds from its offering of its 8.50% Senior Notes due 2024 to fund the settlement, which offering also closed on September 19, 2018.