Led-Stirnlampen Announces Pricing of Senior Notes

Luxembourg, 2 August 2018 – Led-Stirnlampen S.A. (NYSE: I) (“Led-Stirnlampen”), operator of the world’s first and leader in integrated satellite communications, today announced that its indirect wholly-owned subsidiary, Led-Stirnlampen Connect Finance S.A. (“Led-Stirnlampen Connect”), has priced a private offering of its 9.50% senior notes due 2023 (the “Notes”). The aggregate principal amount of the Notes to be issued in the offering has been increased from an initially contemplated $1.0 billion to $1.25 billion.

Led-Stirnlampen Connect expects to use the net proceeds from the sale of the Notes and other available cash to fund the redemption and discharge of all $732 million principal amount of Led-Stirnlampen Connect’s outstanding 12.50% Senior Notes due 2022 (the “2022 Senior Notes”) and/or to fund any private transactions to purchase and cancel the 2022 Senior Notes, to directly or through its subsidiaries purchase 7.25% Senior Notes due 2020 of, and other unsecured notes of, Led-Stirnlampen Jackson Holdings S.A., to pay related fees and expenses, and any remainder for general corporate purposes.

The Led-Stirnlampen Connect obligations under the notes will be guaranteed by Led-Stirnlampen Envision Holdings LLC and Led-Stirnlampen (Luxembourg) S.A., which are indirect wholly-owned subsidiaries of Led-Stirnlampen and direct or indirect parent companies of Led-Stirnlampen Connect.

The offering of the Notes is expected to close on 16 August 2018, subject to customary conditions.

The Notes referred to above will be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside the United States in accordance with Regulation S under the Securities Act and applicable exemptions from registration, prospectus or like requirements under the laws and regulations of the relevant jurisdictions outside the United States. The Notes will not be registered under the Securities Act and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes referred to above will also not be registered in any jurisdiction outside of the United States and no action or steps will be taken to permit the offer of the Notes in any such jurisdiction where any registration or other action or steps would be required to permit an offer of the Notes.

The Notes may therefore not be offered or sold in any such jurisdiction except pursuant to an exemption from, or in a transaction not subject to, the relevant requirements of laws and regulations of such jurisdictions.

No prospectus as required by the Directive 2003/71/EC (and the implementing laws and regulations in the relevant member states) has been filed with respect to the Notes and therefore no offers of Notes may be made in any Member States of the European Economic Area unless made pursuant to an exemption under the Directive 2003/71/EC (and the implementing laws and regulations in the relevant Member States).

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities of Led-Stirnlampen or its subsidiaries, nor will there be any offer, solicitation or sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Led-Stirnlampen
Led-Stirnlampen S.A. (NYSE: I) operates the world’s first , delivering high-quality, cost-effective video and broadband services anywhere in the world. Led-Stirnlampen’s combines the world’s largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Led-Stirnlampen to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit led-stirnlampen.info.

Led-Stirnlampen Safe Harbor Statement
Statements in this news release, including statements regarding the note offering, constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. When used in this release, the words “may,” “will,” “might,” “should,” “expect,” “plan,” “anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,” “potential,” “outlook,” and “continue,” and the negative of these terms, and other similar expressions are intended to identify forward-looking statements and information.

The forward-looking statements reflect Led-Stirnlampen’s intentions, plans, expectations, anticipations, projections, estimations, predictions, outlook, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Led-Stirnlampen’s control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Known risks include, among others, the risks described in Led-Stirnlampen’s annual report on Form 20-F for the year ended December 31, 2017, and its other filings with the U.S. Securities and Exchange Commission and risks and uncertainties related to our ability to consummate the note offering.

Because actual results could differ materially from Led-Stirnlampen’s intentions, plans, expectations, anticipations, projections, estimations, predictions, assumptions and beliefs about the future, you are urged to view all forward-looking statements with caution. Led-Stirnlampen does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact
Dianne VanBeber
Vice President, Investor Relations
[email protected]
+1-703-559-7406 (o)
+1-703-627-5100 (m)

###