Preferred Stock Channel
Intelsat SA | 5.75% Series A Mandatory Convertible Junior Non-Voting Preferred Shares (I.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 3,000,000 of our 5.75% Series A mandatory convertible junior non-voting preferred shares, nominal value $0.01 per share (the ÙSeries A preferred sharesˆ).

Dividends on our Series A preferred shares will be payable on a cumulative basis when, as and if declared by our board of directors or by a general meeting of our shareholders, at an annual rate of 5.75% on the liquidation preference of $50.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in common shares or any combination of cash and common shares on February 1, May 1, August 1 and November 1 of each year, commencing on August 1, 2013 and to, and including, May 1, 2016.

Each Series A preferred share will automatically convert on May 1, 2016 into between 2.2676 and 2.7778 of our common shares, subject to anti-dilution adjustments. The number of our common shares issuable on conversion will be determined based on the average of the closing prices per common share over the 40 trading day period ending on the third trading day prior to the mandatory conversion date. At any time prior to May 1, 2016, holders may elect to convert each Series A preferred share into common shares at the minimum conversion rate of 2.2676 common shares per Series A preferred share, subject to anti-dilution adjustments. If you elect to convert any Series A preferred shares during a specified period beginning on the effective date of a cash acquisition (as described herein) of us, the conversion rate will be adjusted under certain circumstances and you will also be entitled to a cash acquisition dividend make-whole amount (as described herein).

Full Prospectus PDF », Secondary Prospectus PDF », I Page »

Series:A
Alternate symbology:I-A, I-PA, IprA
Redeemable?:Yes
Maturity Date:5/1/2016
Cumulative?:Yes
Conversion Ratio:2.2676 and 2.7778
Conversion Price:$22.05 to $18
Shares Offered:3,000,000
Overallotment:450,000
Liquidation Preference:$50.00
Original Coupon:5.75%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
CDx3 Compliance Rating: Learn I.PRA's Rating
Intelsat is a holding company. Through its subsidiaries, Co. is engaged in satellite services businesses, providing a critical layer in the global communications infrastructure. Co. provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet Service Providers. Co. is also the provider of commercial satellite communication services to the United States government and other select military organizations and their contractors.

Preferred: I.PRA


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Name:  Intelsat SA
Website:  www.intelsat.com
Sector:  Communications Services

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