Intelsat Jackson to launch $1.6 billion term loan B on Thursday

By Sara Rosenberg

New York, Nov. 1 – Intelsat Jackson Holdings SA is scheduled to hold a lenders’ call at noon ET on Thursday to launch a $1.6 billion senior secured term loan B due 2023, according to a market source.

Morgan Stanley Senior Funding Inc., Citigroup Global Markets Inc., J.P. Morgan Chase Bank, Bank of America Merrill Lynch and Goldman Sachs Bank USA are the leads on the deal.

Proceeds will be used to amend and extend a portion of the existing term loan B due 2019.

Intelsat is a Luxembourg-based communications satellite company.

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