Intelsat has started distributing a draft registration statement ahead of its planned IPO, which will see it listed on the New York Stock Exchange.
The satellite operator plans to make an initial public offering of 21,739,130 common shares and 3,000,000 Series A preferred shares, it said in a statement.
Intelsat has granted the underwriters of the IPO a 30-day option to buy up to an additional 3,260,869 common shares and an additional 450,000 Series A preferred shares.
Goldman Sachs, J.P. Morgan, Morgan Stanley and Bank of America Merrill Lynch are acting as joint book-running managers, with Barclays Capital, Credit Suisse Securities, Deutsche Bank Securities, Nomura Securities International and UBS Securities acting as book-runners.
Evercore Group, HSBC Securities, RBC Capital Markets, LionTree Advisors and Raymond James & Associates are acting as co-managers for the proposed offerings.