Intelsat Jackson Completes $3.75 Billion Refinancing
Date: 01/12/11
Cahill represented joint lead arrangers Bank of America, Credit Suisse and JP Morgan in connection with the $3,750,000,000 refinancing by Intelsat Jackson Holdings S.A, comprised of a $500,000,000 Revolving Credit Facility and a $3,250,000,000 Tranche B Term Facility. Proceeds were used to repay existing indebtedness under Intelsat Jackson's subsidiaries, including Intelsat Corporation's and Intelsat Subsidiary Holding Company's existing senior secured credit facilities and to redeem all of the $580.7 million aggregate principal amount outstanding of Intelsat Corp's 9¼ percent Senior Notes due 2016.