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Posted inCommercial

Intelsat announces private placement to repurchase debt after bank route blocked

Satellite fleet operator Intelsat, stymied in attempts to obtaining bank financing to buy back its debt by an activist bondholder’s allegations the company had violated debt covenants, on June 30 said it had concluded a private placement of $490 million in debt to finance the repurchase of a portion of three of its bonds.

by Peter B. de Selding June 30, 2016January 23, 2023

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