Intelsat offers to pay $625 million in cash to unsecured bondholders for 71-75.5% of par value

Satellite fleet operator Intelsat on May 12 offered holders of three lines of its unsecured debt the chance to cash in for between $710 and $755 per $1,000 of principal, plus an early-bird premium of $20 expiring May 25, for a maximum of $625 million. The tender's overall deadline is June 9. SpaceNews.com