Panamsat extended the deadline on a previously announced offer to purchase any and all of its outstanding Senior Discount Notes due 2014 to the end of June, Intelsat announced June 13.

Intelsat Ltd. and Panamsat announced debt offerings in May in connection with Intelsat’s planned acquisition of Panamsat Holding Corp. The net proceeds from these offerings will be used, along with cash on hand, to help fund the deal.

The aggregate principal amount at maturity of Panamsat’s notes is $416 million and the accreted amount of the notes at the tender offer expiration date of midnight EDT June 26 will be $296.6 million.

Intelsat announced in August plans to acquire Panamsat and the deal is awaiting final approval from U.S. government regulators.