London, UK, 28-5-2014 — /EuropaWire/ — Inmarsat plc announces the completion of an offering of debt securities through Inmarsat Finance plc, a wholly-owned subsidiary company. Inmarsat sold US$1,000,000,000 of 4.875% Senior Notes due 2022. The offering was completed at a price of 99.191% plus accrued interest. The company intends to use the proceeds principally to (i) fund a tender offer for any and all of its outstanding 7.375% Senior Notes due 2017 and satisfy and discharge any such remaining notes and (ii) pay fees and expenses in relation to the tender offer and redemption and the offering of the new notes, with the remaining proceeds to be used for general corporate purposes. The new notes will be issued on 4 June 2014, subject to customary closing conditions.
Certain statements in this announcement constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances.
This announcement is not an offer for sale of securities nor shall it constitute an offer to sell, or the solicitation of an offer to buy, and there shall not be any sale of, these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Inmarsat Finance plc has not registered, and does not intend to register, any portion of the offering, and does not intend to conduct a public offering of securities.
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