Satélites Mexicanos, S.A. de C.V. Announces Pricing of $35 Million of Additional Senior Secured Notes
Satélites Mexicanos, S.A. de C.V. (Satmex) announced today the pricing
of $35 million aggregate principal amount of additional senior secured
notes due 2017 (the Notes) to be issued in a private placement under
rule 144A and Regulation S of the Securities Act of 1933, as amended
(the Notes Offering). The Notes were priced at 102.00% and will bear
interest at an annual rate of 9.50%. The Notes Offering is scheduled to
close on April 9, 2012.
The Notes have not been registered under the Securities Act of 1933, as
amended, or any state securities laws. Further, the Notes may not be
offered or sold in the United States absent registration or an
applicable exemption from registration requirements and, therefore, will
be subject to substantial restrictions on transfer. The Notes Offering
is being made only to qualified institutional buyers inside the United
States and to certain non-U.S. investors located outside the United
States.
This press release is for informational purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any offer or sale of 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.
Safe Harbor and Forward-Looking Statements
This press release contains forward-looking statements. All
forward-looking statements reflect Satmexs current analysis of existing
facts and information and represent Satmexs judgment only as of this
date. Actual results in the future could differ materially and adversely
as a result of various important factors, including, but not limited to,
the impact of changes in national, foreign and regional economies, the
volatility in the U.S. and global economies and financial credit markets
and the overall demand for the satellite services that Satmex provides,
among other risk factors. Satmex expressly disclaims any intent or
obligation to update these forward-looking statements, except as
required by law. For a discussion of certain of the risks, uncertainties
and other factors affecting the statements contained in this news
release, see Satmexs Annual Report on Form 20-F for the year ended
December 31, 2010 and subsequent Periodic Reports on Form 6-K.