Founded in 1984 by Rene Anselmo, PanAmSat Corporation (NYSE: PA) was a satellite service provider headquartered in Wilton, Connecticut. It operated a fleet of communications satellites used by the entertainment industry, news agencies, internet service providers, government agencies, and telecommunication companies. 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Wilton is a town in Fairfield County, Connecticut, in the United States. ... U.S. military MILSTAR communications satellite A communications satellite (sometimes abbreviated to comsat) is an artificial satellite stationed in space for the purposes of telecommunications. ... The entertainment industry consists of a large number of sub-industries devoted to entertainment. ... A news agency is an organization of journalists established to supply news reports to organizations in the news trade: newspapers, magazines, and radio and television broadcasters. ... An Internet service provider (abbr. ... Copy of the original phone of Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ...

PanAmSat effectively broke the monopoly on international satellite communications which was held by Intelsat, an international treaty-based organization founded and owned by several countries including the United States. PanAmSat, led by Anselmo, successfully lobbied the United States Congress to permit it to operate globally, competing against Intelsat. PanAmSat (and Anselmo) became famous for full-page advertisements in the Wall Street Journal depicting Spot, the PanAmSat mascot, urinating on politicians' legs. The company's motto was "Truth and Technology Will Triumph Over Bullshit and Bureauacy." Intelsat, Ltd. ...

Following the death of Rene Anselmo in 1996, PanAmSat was sold to Hughes Electronics, a division of General Motors, in a $3 billion cash and stock deal. The satellite operations continued to be under PanAmSat with Hughes being the majority shareholder. In May 1997, Hughes Communication Galaxy merged with PanAmSat, adding 9 more satellites to its fleet. In 2003, News Corporation purchased Hughes Electronics and on April 24, 2004 sold PanAmSat to a consortium of private equity firms in an leveraged buyout including Kohlberg Kravis Roberts & Co. (KKR), Carlyle Group and Providence Equity Partners for $4.3 billion. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Hughes Electronics Corporation was formed in 1985 when Hughes Aircraft was sold by the Howard Hughes Medical Institute to General Motors for $5 billion. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... News Corporation (abbreviated to News Corp) (NYSE: NWS, NYSE: NWSa, ASX: NWS, LSE: NCRA) is one of the worlds largest media conglomerates. ... April 24 is the 114th day of the year in the Gregorian Calendar (115th in leap years). ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... A leveraged buyout (or LBO, or highly-leveraged transaction (HLT), or bootstrap transaction) occurs when a financial sponsor gains control of a majority of a target companys equity through the use of borrowed money or debt. ... Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late stage leveraged buyouts. ... The Carlyle Group is a Washington, D.C. based global private equity investment firm with at least $44. ... Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. ...

2004 leveraged buyout

KKR led the 2004 leveraged buyout by purchasing a 44% stake in the company. Carlyle and Providence each invested 27% with management representing the remainder of the equity. The consortium invested only $550 million in equity, financing the remainder through bank loans and bonds. The transaction closed in August 2004. One month after the buyout, the company issued an additional $250 million in discount notes which were used to pay the consortium dividends. Three months later, PanAmSat filed an initial public offering with the Securities and Exchange Commission (SEC). Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City based private equity firm that focuses primarily on late stage leveraged buyouts. ... The Court of Chancery, London, early 19th century This article is about concept of equity in Anglo-American jurisprudence. ... Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. ... August 2004 : January - February - March - April - May - June - July - August - September - October - November - December See also: August 2004 in sports Deaths in August 2004 • 30 Fred Whipple • 26 Laura Branigan • 24 Elisabeth Kübler-Ross • 18 Elmer Bernstein • 15 Amarsinh Chaudhary • 14 CzesÅ‚aw MiÅ‚osz • 13 Julia Child • 8... // Dividends are payments made by a company to its shareholders. ... The Securities and Exchange Commission (SEC) requires public companies to file reports regularly so that they can be made available to the public. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... The Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ...

In an ironic twist of fate, its private equity owners sold PanAmSat to its arch rival Intelsat in August 2005 for a total of $4.3 billion in a deal finally consummated in July 2006. At the time of its sale, PanAmSat was the world's leading carrier of TV channels. In combination with Intelsat (which had also gone private under private equity ownership in 2000), the new company is called Intelsat, is the world's largest commercial satellite company with 53 spacecraft serving over 200 countries,and has neartly 1400 employees, a third of who will be lost to attrition over the nest 18 months. Global headquarters for the company is Washington, D.C. under the leadership of CEO David McGlade.

External links

• Official website
• Space.com article
• Location: 0°0′N 68°30′E