Inmarsat moves redemption date for 6½% notes due 2024 to Dec. 17

By Marisa Wong

Los Angeles, Dec. 6 – Inmarsat Finance plc plans to redeem all $400 million of its 6½% senior notes due 2024 on Dec. 17, according to a notice.

The company initially planned to redeem the notes on Nov. 27. Because the redemption is subject to a financing condition, however, the redemption date may be moved depending on when the financing condition is met.

The notes will be redeemed at 104.875 plus accrued interest up to but excluding the redemption date, for a total redemption amount of $424,988,888.89.

Inmarsat is a London-based satellite telecommunications company.

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