bullish

Intelsat Sa

Intelsat (INTEL 6.5% 3/15/30) - Tuesday, Apr 16, 2024

225 Views17 Jul 2024 05:12
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SUMMARY
  • Intelsat's secured bonds offer a potential short-term re-rating opportunity due to discussions of a merger with SES
  • A merger with SES would benefit Intelsat's equity owners by de-risking their investment and increasing liquidity for SES
  • The Intelsat 6.5% 2030 secured bond could see a significant increase in value if a merger is announced, trading at a yield similar to SES's <4.5%

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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