November 22, 2014 8:35 PM ET

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Company Overview of Inmarsat Finance plc

Company Overview

Inmarsat Finance plc, a finance company, issues the senior notes and lends the proceeds to Inmarsat Investments Limited pursuant to subordinated intercompany senior note proceeds loans. The company was incorporated in 2003 and is based in London, United Kingdom. Inmarsat Finance plc operates as a subsidiary of Inmarsat Plc.

99 City Road

London,  EC1Y 1AX

United Kingdom

Founded in 2003

Phone:

44 20 7728 1000

Fax:

44 20 7728 1044

Key Executives for Inmarsat Finance plc

Chairman of Inmarsat Group Limited
Age: 59
Chief Financial Officer of Inmarsat Group Limited
Age: 54
Chief Technical Officer of Inmarsat Group Limited and Vice President of Product Evolution - Inmarsat Global Limited
Age: 78
Senior Vice President of Inmarsat Enterprises - Inmarsat group limited and Group General Counsel of Inmarsat group limited
Age: 50
Vice President of Corporate Governance - Inmarsat Group Limited
Age: 51
Compensation as of Fiscal Year 2014.

Inmarsat Finance plc Key Developments

Inmarsat Finance plc Announces Initial Settlement Under the Offer to Purchase Outstanding Senior Notes Due 2017

Inmarsat Finance plc announced the initial settlement under the offer to purchase for cash any and all of its outstanding dollar-denominated 7.375% Senior Notes due 2017 in an aggregate principal amount of $850,000,000 under the terms of the offer to purchase dated May 20, 2014. Holders of $412,051,000 in aggregate principal amount of the Notes, or 48.48%, validly tendered their Notes at or prior to the Early Tender Date (5:00 p.m., New York City time, on June 3, 2014). Credit Suisse Securities (USA) LLC acted as Dealer Manager in connection with the Offer. Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Offer to Purchase. The company's obligation to complete the Offer by accepting for purchase, and paying for, the Notes validly tendered (and not validly withdrawn) was subject to and conditioned upon satisfaction of the Financing Condition and the General Conditions, each as defined in the Offer to Purchase. The Financing Condition was satisfied 4 June 2014 with the successful completion by the Company of its new issuance of 4.875% senior notes due 2022. Holders of the Notes that are validly tendered and not validly withdrawn after the Early Tender Date but before the Expiration Date (11:59 p.m., New York City time, on June 17, 2014) will receive the relevant Tender Offer Consideration (but no Early Tender Premium), plus accrued interest up to but not including the Final Settlement Date, which is expected to be June 18, 2014. Notes not tendered in the Offer will be redeemed on July 4, 2014 (with payment to occur on the next occurring Business Day, July 7, 2014) at the then applicable redemption price of 103.688% of the principal amount of the Notes (plus accrued and unpaid interest through the date of redemption) in accordance with the terms of the indenture governing the Notes. Holders should refer to the Offer to Purchase for the terms and conditions applicable to the Offer.

Inmarsat Finance plc Announces Commencement of an Offer to Purchase its Outstanding Senior Notes Due 2017

Inmarsat Finance plc announced that it has commenced a tender offer to repurchase for cash any and all of its outstanding $850,000,000 7.375% Senior Notes due 2017. Capitalized terms used in this announcement and not otherwise defined have the meanings ascribed to them in the indenture governing the Notes or in the offer to purchase dated May 20, 2014. The offer will be made solely by, and subject to terms and conditions set forth in, the offer to purchase, which has been sent to the applicable holders of Notes and is also available to such holders directly from the Tender Agent. The company notes that there are certain conditions to the completion of the Offer to Purchase, including a financing condition, and offers no assurances that the offer to purchase will be completed.

Inmarsat Finance plc Announces Offering of Senior Notes for Refinancing

Inmarsat Plc announced an offering of debt securities through Inmarsat Finance plc, a wholly-owned subsidiary company. Inmarsat is offering approximately $1,000,000,000 of Senior Notes due 2022. The Notes have not been and will not be registered under the U.S. Securities Act of 1933 and may not be sold in the United States absent an exemption from the registration requirement of such act. 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 Existing Notes and (ii) pay fees and expenses in relation to the tender offer and redemption and the offering of the Notes, with the remaining proceeds to be used for general corporate purposes. A further announcement will be made to confirm the outcome of the offering. Simultaneously with the launch of this offering of the Notes, Inmarsat launched the tender offer for the Existing Notes.

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