Satélites Mexicanos, S.A. de C.V. (Satmex) announces the extension of
the expiration date for its exchange offer (the Exchange Offer) of
$35,000,000 aggregate principal amount of 9.50% Senior Secured Notes due
2017 (the New Notes) for a like principal amount of new registered
exchange notes due 2017. The Exchange Offer was previously scheduled to
expire at 5:00 p.m., New York City time, on August 30, 2012.
The Company has extended the Exchange Offer so that it will now expire
at 5:00 p.m., New York City time, on September 28, 2012, unless further
extended. The expiration date for the Exchange Offer is being extended
to provide time for the remaining outstanding New Notes to be exchanged.
A Form F-4 registration statement, including a prospectus containing the
terms of the Exchange Offer, filed by the Company with the SEC was
declared effective by the SEC on July 31, 2012. All other terms,
provisions and conditions of the Exchange Offer will remain in effect.
Satmex is a significant provider of fixed satellite services (FSS) in
the Americas, with coverage of more than 90% of the population of the
region across more than 45 nations and territories. As one of only two
privately-managed FSS providers based in Latin America, Satmex (together
with its predecessors) has designed, procured, launched and operated
three generations of satellites during a period of over 26 years.
Satmexs current fleet is comprised of three satellites in highly
attractive, adjacent orbital slots that enable its customers to
effectively serve their entire coverage footprint utilizing a single
satellite connection. For further information, visit www.satmex.com.
Safe Harbor and Forward-Looking Statements
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an
offer, solicitation or sale of any securities in any jurisdiction in
which such offering, solicitation or sale would be unlawful.
copy of the prospectus and other materials related to the exchange offer
may be obtained from the exchange agent, Wilmington Trust, National
Association, c/o Wilmington Trust Company, Rodney Square North, 1100
North Market Street, Wilmington, Delaware 19890-1626, Attention Sam
Hamed, (302) 636.6181.
This press release contains forward-looking statements. All
forward-looking statements in this news release reflect Satmexs current
analysis of existing facts and information and represent Satmexs
judgment only as of the date of this news release. Actual events or
results might differ materially from these statements due to risks and
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 Registration Statement on Form F-4 declared
effective on July 31, 2012, Satmexs Annual Report on Form 20-F, as
amended, for the year ended December 31, 2011 and subsequent Periodic
Reports on Form 6-K.