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Intelsat Undertakes Financial Restructuring to Pave the Way for Future Innovation and Growth

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MCLEAN, Va.--(BUSINESS WIRE)--Intelsat S.A. (NYSE: I) (“Intelsat” or the “Company”), operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure, today announced that it has undertaken a financial restructuring to position the Company for long-term success. The restructuring process is intended to enhance the Company’s liquidity and will likely result in a substantial reduction of Intelsat’s legacy debt burden, allowing for Intelsat to emerge with a strengthened balance sheet to complement its strong operating model and future growth plans.