Intelsat Jackson Holdings, a subsidiary of Intelsat, will raise $2.65 billion through a note sale. The fixed satellite services company will sell senior notes, due in 2019, 2021 and 2023. The proceeds from the note sale are expected to be partly loaned to Intelsat Jackson’s direct subsidiary, Intelsat Intermediate Holding. Intelsat Intermediate may use the funds to buy $481 million of its 9.5% senior discount notes maturing in 2015.

Click here for the release from Intelsat.