Intelsat plans full redemption of 9¼% notes and 6 7/8% debentures

By Jennifer Chiou

New York, Dec. 21 - Intelsat SA announced that subsidiary Intelsat Corp. intends to redeem all $111,833,000 of its 9¼% senior notes due 2014 on Jan. 20 and the remaining $41,000 of its 6 7/8% senior secured debentures due 2028 on Dec. 27.

According to a news release, the redemption price will be set using the indentures of the securities.

The Pembroke, Bermuda-based provider of fixed satellite services also plans to pay accrued interest.

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