According to various media reports today, Panamsat is planning an initial public offering (IPO) of stock in an effort to raise about $1.12 billion, with the majority of the proceeds going to pay down the company’s debt. The move toward a public offering comes just four months after the company’s assets were acquired by a consortium of private equity firms led by Kohlberg Kravis Roberts, along with partners The Carlyle Group and Providence Equity. According to reports, the amount of shares being offered and the price per share was not immediately revealed in the company’s first filing with the U.S. Securities and Exchange Commission. Panamsat officials declined to comment.

For more on the Panamsat IPO, please see the Jan. 3, 2005 issue of Satellite News. For more information on subscribing to Access Intelligence’s satellite industry publications, please visit us at https://www.satellitetoday.com.