Examples of PanAmSat Holdco in a sentence
As PanAmSat Holdco is a U.S. based corporation, we have utilized an estimated combined federal and state statutory tax rate of 38.5% to both compute the deferred tax assets and liabilities and to record the estimated tax expense or benefit of the PanAmSat Acquisition Transactions.
Reflects adjustments for the annual monitoring fee to be paid by Intelsat Bermuda and/or PanAmSat Holdco to the Sponsors and their designated entities and is calculated as the greater of $6,250 or 1.25% of pro forma PanAmSat Opco Adjusted EBITDA.
Adjustment also includes expenses incurred by PanAmSat Holdco including payments to PanAmSat Holdco’s prior sponsors, costs associated with PanAmSat Holdco’s initial public offering and other non-capitalizable transaction-related costs.
Reflects net adjustments to other assets resulting from $135,000 debt issuance costs incurred in connection with the acquisition debt related to the Acquisition Transactions, reductions of $92,936 for deferred financing costs and $24,800 for customer incentive programs of PanAmSat Holdco not assigned values as part of our purchase price allocation.
Represents PanAmSat Holdco Adjusted EBITDA which needs to be excluded in reconciling Intelsat Bermuda Adjusted EBITDA to Intelsat Sub Holdco Adjusted EBITDA.
The purchase price allocation and premium on the assumed debt may change upon our receipt of more detailed information, the finalization of the purchase price allocation for the Acquisition Transactions, or if all or any portion of the existing debt of PanAmSat Holdco is required to be refinanced.
Consistent with the definition of Intelsat Bermuda Adjusted EBITDA and Intelsat Sub Holdco Adjusted EBITDA, PanAmSat Holdco Adjusted EBITDA is presented on a pro forma basis as if the Transactions had occurred as of January 1, 2005.
Adjustment also includes expenses incurred by PanAmSat Holdco related to restructuring charges representing severance costs, leasehold termination costs and other facility closure costs, as well as other non-recurring gains and losses incurred by PanAmSat Holdco related to non-cash stock compensation expense, expenses for management advisory services from its prior sponsors, gains and losses on fixed asset disposals and other non-recurring items.
Reflects the net effect to cash (i) from the issuance of the New Intelsat Bermuda Notes and the New PanAmSat Notes and a borrowing under a new senior unsecured credit facility totalling approximately $3,515,000, net of estimated debt issuance costs of approximately $135,000, (ii) the use of cash in the PanAmSat Acquisition Transactions of $3,285,588 and (iii) the purchase of PanAmSat Holdco debt of $289,525 at a premium of $10,108.
The aggregate purchase price presented does not give effect to any dividends that may be payable to PanAmSat Holdco stockholders at closing pursuant to the Merger Agreement.