Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 1 of 20
Dennis F. Dunne, Esq. (admitted pro hac vice) Tyler P. Brown, Esq. (VSB No. 28072) Alan J. Stone, Esq. (admitted pro hac vice) Justin F. Paget, Esq. (VSB No. 77949) Matthew L. Brod, Esq. (admitted pro hac vice) Jennifer E. Wuebker, Esq. (VSB No. 91184) MILBANK LLP HUNTON ANDREWS KURTH LLP 55 Hudson Yards Riverfront Plaza, East Tower New York, New York 10001 951 East Byrd Street Telephone: (212) 530-5000 Richmond, Virginia 23219 Facsimile: (212) 530-5219 Telephone: (804) 788-8200 Facsimile: (804) 788-8218 Andrew M. Leblanc, Esq. (admitted pro hac vice) S. Robert Marsters, Jr. Esq. (admitted pro hac vice) MILBANK LLP 1850 K Street, NW, Suite 1100 Washington, DC 20006 Telephone: (202) 835-7500
Co-Counsel for the Official Committee of Unsecured Creditors
IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION
) In re: ) Chapter 11 ) INTELSAT S.A., et al.,1 ) Case No. 20-32299 (KLP) ) Debtors. ) (Jointly Administered) )
SIXTH MONTHLY FEE STATEMENT OF MOELIS & COMPANY, LLC FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED FROM JANUARY 1, 2021 THROUGH JANUARY 31, 2021
Basic Information
Name of Applicant: Moelis & Company, LLC
Authorized to provide professional services to: Official Committee of Unsecured Creditors
1 Due to the large number of Debtors in these chapter 11 cases, for which joint administration has been granted, a complete list of the Debtor entities and the last four digits of their federal tax identification numbers is not provided herein. A complete list may be obtained on the website of the Debtors’ proposed claims and noticing agent at https://cases.stretto.com/intelsat. The location of the Debtors’ service address is: 7900 Tysons One Place, McLean, VA 22102.
1 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 2 of 20
September 22, 2020 nunc pro tunc to May 29, Date of retention order: 2020
Petition date: May 14, 2020
Summary of Compensation & Expenses Sought in Application
Type of fee application: 6th Monthly Fee Statement
Period for which compensation and January 1, 2021 – January 31, 2021 reimbursement sought: Total fees requested in this Fee $180,000.00 (80% of $225,000.00) Statement: Total expenses requested in this Fee $4,481.00 Statement:
Moelis & Company, LLC (“Moelis”), investment banker for the Official Committee of
Unsecured Creditors (the “Committee”) of Intelsat S.A. and its affiliated debtors in possession
(collectively, the “Debtors”) in the above-captioned Chapter 11 cases (the “Cases”), by this
Court’s Order (I) Authorizing the Retention and Employment of Moelis & Company LLC as
Investment Banker for the Official Committee of Unsecured Creditors, Effective as of May 29,
2020, (II) Waiving Certain Time-Keeping Requirements, and (III) Granting Related Relief
[Dkt. No. 813] (the “Moelis Retention Order”), hereby files this sixth monthly fee statement (the
“Fee Statement”) pursuant to sections 328, 330, 331 and 1103 of title 11 of the United States
Code (the “Bankruptcy Code”), Rule 2016(a) of the Federal Rules of Bankruptcy Procedure (the
“Bankruptcy Rules”), Local Bankruptcy Rule 2016-1 of the Local Bankruptcy Rules for the
United States Bankruptcy Court for the Eastern District of Virginia (the “Local Rule(s)”), and the
Order (I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses for
Retained Professionals and (II) Granting Related Relief [Dkt. No. 425] (the “Interim
Compensation Order”), for: (i) compensation in the amount of $180,000.00 for the reasonable
and necessary professional services Moelis rendered to the Committee during the period of January
2 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 3 of 20
1, 2021 through and including January 31, 2021 (the “Sixth Monthly Period”) (which amount is
equal to eighty percent (80%) of the total amount of compensation sought herein of $225,000.00);
and (ii) reimbursement for the actual and necessary expenses that Moelis incurred in the amount
of $4,481.00 (representing 100% of the expenses allowed) during the Sixth Monthly Period.
1. The following are attached in support of the Fee Statement and in compliance with
the Moelis Retention Order:
a. Exhibit A is a list identifying each Moelis investment-banking professional
who rendered services to the Committee during the Sixth Monthly Period.
b. Exhibit B is a summary of hours incurred by Moelis restructuring
professionals, who expended a total of 203.5 hours2 in connection with the
Cases during the Sixth Monthly Period. Including non-restructuring
professionals, Moelis investment-banking professionals expended a total of
220.5 hours in connection with the Cases during the Sixth Monthly Period.
c. Exhibit C is a summary of the expenses incurred by Moelis during the Sixth
Monthly Period with respect to each type of expense for which Moelis seeks
reimbursement. An itemized list of expenses incurred by Moelis during the
Sixth Monthly Period is attached hereto as Exhibit D.
d. Exhibit E are copies of the invoices from attorneys that provided legal services
to Moelis during the Sixth Monthly Period in connection with the Cases and for
which Moelis seeks reimbursement. The cost of such legal fees and expenses
incurred by Moelis during the Sixth Monthly Period amount to $4,481.00.
2 Excluding all hours worked by Moelis professionals not within the restructuring group (these professionals have been listed in Exhibit A).
3 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 4 of 20
Representations
2. Although every effort has been made to include all fees and expenses incurred
during the Sixth Monthly Period, some fees and expenses might not be included in this Monthly
Fee Statement due to delays caused in connection with accounting and processing of such time
and expenses. Accordingly, Moelis reserves the right to make further application to this Court.
Notice
3. In accordance with the Interim Compensation Order, a copy of the Monthly Fee
Statement has been or will shortly be provided by hand or overnight delivery, on: (i) the Debtors,
Intelsat S.A., 7900 Tysons One Place, McLean, VA 22102, Attn: Michelle Bryan, Executive Vice
President, General Counsel and Chief Administrative Officer; (ii) counsel to the Debtors, Kirkland
& Ellis LLP, 601 Lexington Avenue, New York, New York 10022, Attn: Steven Serajeddini, P.C.
([email protected]), Anthony R. Grossi ([email protected]), and
Ameneh Bordi ([email protected]) (iii) co-counsel to the Debtors, Kutak Rock LLP,
901 East Byrd Street, Suite 1000, Richmond Virginia 23219, Attn: Michael A. Condyles
([email protected]), Peter J. Barrett ([email protected]), Jeremy S.
Williams ([email protected]), and Brian H. Richardson
([email protected]); (iv) counsel to an ad hoc group of certain holders of the
Debtors’ secured term loan and secured notes (the “Intelsat Jackson Ad Hoc Group”), Akin
Gump Strauss Hauer & Feld LLP, One Bryant Park, New York, New York 10036, Attn: Ira S.
Dizengoff; ([email protected]), Abid Qureshi ([email protected]), and Brad
Kahn ([email protected]); (v) counsel to an ad hoc group of certain crossover holders of the
Debtors’ secured term loan and secured notes (the “Intelsat Jackson Crossover Ad Hoc
Group”), Jones Day, 250 Vesey St., New York, New York 10281, Attn: Bruce Bennett;
4 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 5 of 20
([email protected]), Joshua Brody ([email protected]), and Peter Saba
([email protected]); (vi) counsel to any statutory committee appointed in these cases; (vii) the
Office of the United States Trustee, 701 East Broad Street, Suite 4304, Richmond, Virginia 23219,
Attn: Kenneth N. Whitehurst III, B. Webb King, Shannon F. Pecoraro, and Kathryn R.
Montgomery; and (viii) Robert J. Keach ([email protected]), Bernstein, Shur, Sawyer &
Nelson PA, 100 Middle Street, West Tower, Portland, ME, 04101, as Fee Examiner.
WHEREFORE, based upon the foregoing and for good cause shown, Moelis respectfully
requests allowance of its fees and expenses during the Sixth Monthly Period in the total amount
of $184,481.00, consisting of: (i) $180,000.00, which is 80% of the fees incurred by Moelis for
reasonable and necessary professional services rendered to the Committee, and (ii) $4,481.00 for
actual and necessary costs and expenses, and that such fees and expenses be paid as administrative
expense of the Debtors’ estates.
5 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 6 of 20
Dated: March 15, 2021 OFFICIAL COMMITTEE OF UNSECURED CREDITORS
/s/ Justin F. Paget Tyler P. Brown (VSB No. 28072) Justin F. Paget (VSB No. 77949) Jennifer E. Wuebker (VSB 91184) HUNTON ANDREWS KURTH LLP Riverfront Plaza, East Tower 951 East Byrd Street Richmond, Virginia 23219 Telephone: (804) 788-8200 Facsimile: (804) 788-8218
-and-
Dennis F. Dunne, Esq. (admitted pro hac vice) Alan J. Stone, Esq. (admitted pro hac vice) Matthew Brod, Esq. (admitted pro hac vice) MILBANK LLP 55 Hudson Yards New York, New York 10001 Telephone: (212) 530-5000 Facsimile: (212) 530-5219
- and –
Andrew M. Leblanc, Esq. (admitted pro hac vice) S. Robert Marsters, Jr. Esq. (admitted pro hac vice) MILBANK LLP 1850 K Street, NW, Suite 1100 Washington, DC 20006 Telephone: (202) 835-7500 Co-Counsel to Official Committee of Unsecured Creditors
/s/ Barak Klein Barak Klein Managing Director Moelis & Company, LLC 399 Park Avenue, 5th Floor
6 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 7 of 20
New York, NY 10022 Telephone: (212) 883-3800 Investment Banker to the Official Committee of Unsecured Creditors
7 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 8 of 20
EXHIBIT A
LIST OF PROFESSIONALS
Restructuring Professionals:
William Derrough Barak Klein Adam Waldman Milad Sedeh Brian Cherry Audrey Zhang
Non-Restructuring Professionals3:
Lawrence Chu Nick Brown
3 Excludes non-investment banking professionals (e.g., legal and compliance, accounting, business management and administrative)
8 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 9 of 20
EXHIBIT B
SUMMARY TIME RECORDS DURING SIXTH MONTHLY PERIOD
9 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 10 of 20
Summary of Hours Moelis & Company Summary of Hours Worked January 1, 2021 - January 31, 2021 William Adam Lawrence Chu Barak Klein Nick Brown Milad Sedeh Brian Cherry Audrey Zhang Total Derrough Waldman
Managing Managing Managing Executive Executive Vice President Associate Analyst Director Director Director Director Director Month January 2021 5.5 4.5 11.5 16.5 11.5 32.5 71.0 67.5 220.5 Total 5.5 4.5 11.5 16.5 11.5 32.5 71.0 67.5 220.5
Summary of Hours - January 2021 William Adam Lawrence Chu Barak Klein Nick Brown Milad Sedeh Brian Cherry Audrey Zhang Total Derrough Waldman
Managing Managing Managing Executive Executive Vice President Associate Analyst Director Director Director Director Director Month 1/4/21 0.0 0.5 1.0 1.0 1.0 4.0 10.5 12.5 30.5 1/5/21 0.5 0.5 1.5 2.5 1.0 3.5 5.0 6.0 20.5 1/6/21 0.5 0.0 0.0 0.0 0.5 0.0 3.5 3.0 7.5 1/7/21 0.0 0.0 0.0 0.5 0.0 0.5 4.5 5.5 11.0 1/8/21 1.0 0.0 1.0 3.0 1.5 5.0 7.5 7.5 26.5 1/11/21 0.0 0.0 0.0 0.0 0.5 0.5 2.0 2.0 5.0 1/12/21 0.0 0.5 0.5 0.5 0.5 0.5 1.0 0.5 4.0 1/13/21 1.0 0.5 1.5 1.5 1.0 2.5 3.0 2.5 13.5 1/14/21 0.0 0.0 0.0 1.0 0.0 1.0 1.0 1.0 4.0 1/15/21 0.0 0.0 0.0 0.0 0.0 0.0 3.5 0.5 4.0 1/18/21 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.0 5.0 1/19/21 0.0 0.5 0.5 0.5 1.0 1.0 8.5 8.5 20.5 1/20/21 1.0 0.5 1.5 1.5 2.0 2.5 1.0 0.5 10.5 1/21/21 0.0 0.0 0.0 0.0 0.0 0.5 0.5 0.5 1.5 1/22/21 0.0 0.0 0.5 0.5 0.0 1.0 1.0 1.0 4.0 1/25/21 0.0 0.0 1.0 0.0 0.5 3.5 6.0 2.5 13.5 1/26/21 0.0 0.5 0.5 0.5 0.5 2.0 3.5 0.5 8.0 1/27/21 1.5 1.0 2.0 2.5 1.5 3.5 5.0 3.0 20.0 1/28/21 0.0 0.0 0.0 1.0 0.0 1.0 1.0 1.0 4.0 1/29/21 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 3.0 1/31/21 0.0 0.0 0.0 0.0 0.0 0.0 3.0 1.0 4.0 Total 5.5 4.5 11.5 16.5 11.5 32.5 71.0 67.5 220.5 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 11 of 20
Intelsat - Committee of Unsecured Creditors Moelis & Company Summary of Hours Worked
DATE HOURS NAME DESCRIPTION 01/04/21 0.5 hour(s) Barak Klein Call with FTI re: financial analysis 01/04/21 0.5 hour(s) Adam Waldman Call with FTI re: financial analysis 01/04/21 0.5 hour(s) Milad Sedeh Call with FTI re: financial analysis 01/04/21 0.5 hour(s) Brian Cherry Call with FTI re: financial analysis 01/04/21 0.5 hour(s) Audrey Zhang Call with FTI re: financial analysis 01/04/21 0.5 hour(s) Milad Sedeh Internal team call re: financial analysis 01/04/21 0.5 hour(s) Brian Cherry Internal team call re: financial analysis 01/04/21 0.5 hour(s) Audrey Zhang Internal team call re: financial analysis 01/04/21 5.0 hour(s) Audrey Zhang Preparation of financial analysis materials 01/04/21 4.0 hour(s) Brian Cherry Preparation of financial analysis materials 01/04/21 2.0 hour(s) Milad Sedeh Preparation of financial analysis materials 01/04/21 2.0 hour(s) Audrey Zhang Preparation of materials for the UCC 01/04/21 2.0 hour(s) Brian Cherry Preparation of materials for the UCC 01/04/21 2.0 hour(s) Brian Cherry Prepare weekly UCC materials 01/04/21 2.0 hour(s) Audrey Zhang Prepare weekly UCC materials 01/04/21 0.5 hour(s) Nick Brown Prepare weekly UCC materials 01/04/21 0.5 hour(s) Milad Sedeh Prepare weekly UCC materials 01/04/21 1.0 hour(s) Brian Cherry Retention matters 01/04/21 2.0 hour(s) Audrey Zhang Retention matters 01/04/21 0.5 hour(s) William Derrough Weekly advisors call 01/04/21 0.5 hour(s) Barak Klein Weekly advisors call 01/04/21 0.5 hour(s) Adam Waldman Weekly advisors call 01/04/21 0.5 hour(s) Nick Brown Weekly advisors call 01/04/21 0.5 hour(s) Milad Sedeh Weekly advisors call 01/04/21 0.5 hour(s) Brian Cherry Weekly advisors call 01/04/21 0.5 hour(s) Audrey Zhang Weekly advisors call 01/05/21 0.5 hour(s) William Derrough Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Nick Brown Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Milad Sedeh Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Lawrence Chu Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Brian Cherry Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Barak Klein Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Audrey Zhang Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Adam Waldman Call with UCC and UCC advisors 01/05/21 0.5 hour(s) Adam Waldman Internal call re: financial analysis materials for the UCC 01/05/21 0.5 hour(s) Nick Brown Internal call re: financial analysis materials for the UCC 01/05/21 0.5 hour(s) Milad Sedeh Internal call re: financial analysis materials for the UCC 01/05/21 0.5 hour(s) Brian Cherry Internal call re: financial analysis materials for the UCC 01/05/21 0.5 hour(s) Audrey Zhang Internal call re: financial analysis materials for the UCC 01/05/21 3.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/05/21 0.5 hour(s) Milad Sedeh Retention matters 01/05/21 2.0 hour(s) Brian Cherry Retention matters 01/05/21 1.0 hour(s) Barak Klein Review of draft plan documents 01/05/21 1.0 hour(s) Adam Waldman Review of draft plan documents 01/05/21 2.0 hour(s) Milad Sedeh Review of draft plan documents 01/05/21 2.0 hour(s) Brian Cherry Review of draft plan documents 01/05/21 2.0 hour(s) Audrey Zhang Review of draft plan documents 01/05/21 0.5 hour(s) Adam Waldman Review of financial analysis materials for the UCC 01/06/21 3.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/06/21 2.0 hour(s) Brian Cherry Preparation of financial analysis materials for the UCC 01/06/21 1.0 hour(s) Brian Cherry Retention matters 01/06/21 0.5 hour(s) Nick Brown Weekly regulatory call 01/06/21 0.5 hour(s) Lawrence Chu Weekly regulatory call 01/06/21 0.5 hour(s) Brian Cherry Weekly regulatory call 01/07/21 0.5 hour(s) Adam Waldman Omnibus hearing attendance 01/07/21 0.5 hour(s) Milad Sedeh Omnibus hearing attendance 01/07/21 0.5 hour(s) Brian Cherry Omnibus hearing attendance Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 12 of 20
Intelsat - Committee of Unsecured Creditors Moelis & Company Summary of Hours Worked
DATE HOURS NAME DESCRIPTION 01/07/21 0.5 hour(s) Audrey Zhang Omnibus hearing attendance 01/07/21 4.0 hour(s) Brian Cherry Preparation of financial analysis materials for the UCC 01/07/21 5.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/08/21 1.0 hour(s) Adam Waldman Call with FTI and Milbank 01/08/21 1.0 hour(s) Milad Sedeh Call with FTI and Milbank 01/08/21 1.0 hour(s) Brian Cherry Call with FTI and Milbank 01/08/21 1.0 hour(s) Audrey Zhang Call with FTI and Milbank 01/08/21 0.5 hour(s) Lawrence Chu Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Barak Klein Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Adam Waldman Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Nick Brown Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Milad Sedeh Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Brian Cherry Internal call re: financial analysis materials for the UCC 01/08/21 0.5 hour(s) Audrey Zhang Internal call re: financial analysis materials for the UCC 01/08/21 3.0 hour(s) Brian Cherry Preparation of financial analysis materials for the UCC 01/08/21 3.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/08/21 0.5 hour(s) Milad Sedeh Retention matters 01/08/21 1.0 hour(s) Brian Cherry Retention matters 01/08/21 1.0 hour(s) Audrey Zhang Retention matters 01/08/21 0.5 hour(s) Lawrence Chu Review of financial analysis materials for the UCC 01/08/21 0.5 hour(s) Barak Klein Review of financial analysis materials for the UCC 01/08/21 0.5 hour(s) Adam Waldman Review of financial analysis materials for the UCC 01/08/21 1.0 hour(s) Nick Brown Review of financial analysis materials for the UCC 01/08/21 1.0 hour(s) Milad Sedeh Review of financial analysis materials for the UCC 01/08/21 1.0 hour(s) Adam Waldman Review of FTI materials 01/08/21 2.0 hour(s) Milad Sedeh Review of FTI materials 01/08/21 2.0 hour(s) Brian Cherry Review of FTI materials 01/08/21 2.0 hour(s) Audrey Zhang Review of FTI materials 01/11/21 2.0 hour(s) Brian Cherry Prepare weekly UCC materials 01/11/21 2.0 hour(s) Audrey Zhang Prepare weekly UCC materials 01/11/21 0.5 hour(s) Nick Brown Prepare weekly UCC materials 01/11/21 0.5 hour(s) Milad Sedeh Prepare weekly UCC materials 01/12/21 0.5 hour(s) Brian Cherry Retention matters 01/12/21 0.5 hour(s) William Derrough Weekly advisors call 01/12/21 0.5 hour(s) Barak Klein Weekly advisors call 01/12/21 0.5 hour(s) Adam Waldman Weekly advisors call 01/12/21 0.5 hour(s) Nick Brown Weekly advisors call 01/12/21 0.5 hour(s) Milad Sedeh Weekly advisors call 01/12/21 0.5 hour(s) Brian Cherry Weekly advisors call 01/12/21 0.5 hour(s) Audrey Zhang Weekly advisors call 01/13/21 0.5 hour(s) William Derrough Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Nick Brown Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Milad Sedeh Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Lawrence Chu Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Brian Cherry Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Barak Klein Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Audrey Zhang Call with UCC and UCC advisors 01/13/21 0.5 hour(s) Adam Waldman Call with UCC and UCC advisors 01/13/21 1.0 hour(s) Adam Waldman Review of tax attributes & considerations materials 01/13/21 2.0 hour(s) Milad Sedeh Review of tax attributes & considerations materials 01/13/21 2.0 hour(s) Brian Cherry Review of tax attributes & considerations materials 01/13/21 2.0 hour(s) Audrey Zhang Review of tax attributes & considerations materials 01/13/21 0.5 hour(s) Nick Brown Weekly regulatory call 01/13/21 0.5 hour(s) Lawrence Chu Weekly regulatory call 01/13/21 0.5 hour(s) Brian Cherry Weekly regulatory call 01/13/21 1.0 hour(s) Barak Klein Call and communication with advisors 01/14/21 1.0 hour(s) Adam Waldman Call with FTI on tax value considerations Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 13 of 20
Intelsat - Committee of Unsecured Creditors Moelis & Company Summary of Hours Worked
DATE HOURS NAME DESCRIPTION 01/14/21 1.0 hour(s) Milad Sedeh Call with FTI on tax value considerations 01/14/21 1.0 hour(s) Brian Cherry Call with FTI on tax value considerations 01/14/21 1.0 hour(s) Audrey Zhang Call with FTI on tax value considerations 01/15/21 3.0 hour(s) Brian Cherry Preparation of financial analysis materials for the UCC 01/15/21 0.5 hour(s) Brian Cherry Retention matters 01/15/21 0.5 hour(s) Audrey Zhang Retention matters 01/18/21 5.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/19/21 6.0 hour(s) Audrey Zhang Preparation of financial analysis materials for the UCC 01/19/21 6.0 hour(s) Brian Cherry Preparation of financial analysis materials for the UCC 01/19/21 2.0 hour(s) Brian Cherry Prepare weekly UCC materials 01/19/21 2.0 hour(s) Audrey Zhang Prepare weekly UCC materials 01/19/21 0.5 hour(s) Nick Brown Prepare weekly UCC materials 01/19/21 0.5 hour(s) Milad Sedeh Prepare weekly UCC materials 01/19/21 0.5 hour(s) William Derrough Weekly advisors call 01/19/21 0.5 hour(s) Barak Klein Weekly advisors call 01/19/21 0.5 hour(s) Adam Waldman Weekly advisors call 01/19/21 0.5 hour(s) Nick Brown Weekly advisors call 01/19/21 0.5 hour(s) Milad Sedeh Weekly advisors call 01/19/21 0.5 hour(s) Brian Cherry Weekly advisors call 01/19/21 0.5 hour(s) Audrey Zhang Weekly advisors call 01/20/21 1.0 hour(s) Barak Klein Call and communication with advisors 01/20/21 0.5 hour(s) William Derrough Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Nick Brown Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Milad Sedeh Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Lawrence Chu Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Brian Cherry Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Barak Klein Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Audrey Zhang Call with UCC and UCC advisors 01/20/21 0.5 hour(s) Adam Waldman Call with UCC and UCC advisors 01/20/21 2.0 hour(s) Milad Sedeh Review of financial analysis materials for the UCC 01/20/21 1.0 hour(s) Nick Brown Review of financial analysis materials for the UCC 01/20/21 1.0 hour(s) Adam Waldman Review of financial analysis materials for the UCC 01/20/21 0.5 hour(s) Nick Brown Weekly regulatory call 01/20/21 0.5 hour(s) Lawrence Chu Weekly regulatory call 01/20/21 0.5 hour(s) Brian Cherry Weekly regulatory call 01/21/21 0.5 hour(s) Milad Sedeh Call with FTI 01/21/21 0.5 hour(s) Brian Cherry Call with FTI 01/21/21 0.5 hour(s) Audrey Zhang Retention matters 01/22/21 0.5 hour(s) Barak Klein Review of secured lender term sheet 01/22/21 0.5 hour(s) Adam Waldman Review of secured lender term sheet 01/22/21 1.0 hour(s) Milad Sedeh Review of secured lender term sheet 01/22/21 1.0 hour(s) Brian Cherry Review of secured lender term sheet 01/22/21 1.0 hour(s) Audrey Zhang Review of secured lender term sheet 01/25/21 1.0 hour(s) Barak Klein Call and communication with advisors 01/25/21 0.5 hour(s) Milad Sedeh Call with Centerview 01/25/21 0.5 hour(s) Brian Cherry Call with Centerview 01/25/21 0.5 hour(s) Audrey Zhang Call with Centerview 01/25/21 0.5 hour(s) Milad Sedeh Call with PJT 01/25/21 0.5 hour(s) Brian Cherry Call with PJT 01/25/21 3.0 hour(s) Brian Cherry Prepare term sheet financial analysis materials for the UCC 01/25/21 2.0 hour(s) Milad Sedeh Prepare term sheet financial analysis materials for the UCC 01/25/21 2.0 hour(s) Brian Cherry Prepare weekly UCC materials 01/25/21 2.0 hour(s) Audrey Zhang Prepare weekly UCC materials 01/25/21 0.5 hour(s) Nick Brown Prepare weekly UCC materials 01/25/21 0.5 hour(s) Milad Sedeh Prepare weekly UCC materials 01/26/21 3.0 hour(s) Brian Cherry Prepare term sheet financial analysis materials for the UCC 01/26/21 1.5 hour(s) Milad Sedeh Prepare term sheet financial analysis materials for the UCC Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 14 of 20
Intelsat - Committee of Unsecured Creditors Moelis & Company Summary of Hours Worked
DATE HOURS NAME DESCRIPTION 01/26/21 0.5 hour(s) William Derrough Weekly advisors call 01/26/21 0.5 hour(s) Barak Klein Weekly advisors call 01/26/21 0.5 hour(s) Adam Waldman Weekly advisors call 01/26/21 0.5 hour(s) Nick Brown Weekly advisors call 01/26/21 0.5 hour(s) Milad Sedeh Weekly advisors call 01/26/21 0.5 hour(s) Brian Cherry Weekly advisors call 01/26/21 0.5 hour(s) Audrey Zhang Weekly advisors call 01/27/21 1.0 hour(s) Barak Klein Call and communication with advisors 01/27/21 1.0 hour(s) Adam Waldman Call with FTI and Milbank 01/27/21 1.0 hour(s) Milad Sedeh Call with FTI and Milbank 01/27/21 1.0 hour(s) Brian Cherry Call with FTI and Milbank 01/27/21 1.0 hour(s) Audrey Zhang Call with FTI and Milbank 01/27/21 1.0 hour(s) William Derrough Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Nick Brown Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Milad Sedeh Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Lawrence Chu Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Brian Cherry Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Barak Klein Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Audrey Zhang Call with UCC and UCC advisors 01/27/21 1.0 hour(s) Adam Waldman Call with UCC and UCC advisors 01/27/21 1.5 hour(s) Brian Cherry Prepare make-whole financial analysis 01/27/21 0.5 hour(s) Milad Sedeh Review make-whole financial analysis 01/27/21 0.5 hour(s) Adam Waldman Review of term sheet counterproposal 01/27/21 1.0 hour(s) Milad Sedeh Review of term sheet counterproposal 01/27/21 1.0 hour(s) Brian Cherry Review of term sheet counterproposal 01/27/21 1.0 hour(s) Audrey Zhang Review of term sheet counterproposal 01/27/21 0.5 hour(s) Nick Brown Weekly regulatory call 01/27/21 0.5 hour(s) Lawrence Chu Weekly regulatory call 01/27/21 0.5 hour(s) Brian Cherry Weekly regulatory call 01/28/21 1.0 hour(s) Adam Waldman Review of FTI materials 01/28/21 1.0 hour(s) Milad Sedeh Review of FTI materials 01/28/21 1.0 hour(s) Brian Cherry Review of FTI materials 01/28/21 1.0 hour(s) Audrey Zhang Review of FTI materials 01/29/21 3.0 hour(s) Audrey Zhang Retention matters 01/31/21 3.0 hour(s) Brian Cherry Retention matters 01/31/21 1.0 hour(s) Audrey Zhang Retention matters
Jan. Total 220.5 hour(s) Total 220.5 hour(s) Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 15 of 20
EXHIBIT C
SUMMARY EXPENSES DURING SIXTH MONTHLY PERIOD
10 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 16 of 20
Intelsat S.A. Moelis & Company Summary of Expenses January 1, 2021 - January 31, 2021
Summary Description Amount ($) Legal Fees Legal Outside counsel legal fees $4,481.00 Total Expenses $4,481.00 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 17 of 20
EXHIBIT D
ITEMIZED EXPENSES DURING SIXTH MONTHLY PERIOD
11 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 18 of 20
Intelsat S.A. Moelis & Company Expense Detail January 1, 2021 - January 31, 2021
Date Professional Description Amount ($)
1/31/2021 Legal Outside counsel legal fees for January 2021 $4,481.00 Total $4,481.00 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 19 of 20
EXHIBIT E
LEGAL SERVICES INVOICES
12 LEGAL02/40108334v1 Case 20-32299-KLP Doc 1631 Filed 03/15/21 Entered 03/15/21 13:28:14 Desc Main Document Page 20 of 20 ATLANTA 90 PARK AVENUE BEIJING NEW YORK, NY 10016-1387 212-210-9400 BRUSSELS 212-210-9444 CHARLOTTE PLEASE SEND PAYMENT WITH REMITTANCE COPY DALLAS TO www.alston.com FORT WORTH Tax ID: 58-0137615 LONDON P.O. Box 933124 LOS ANGELES Atlanta, GA 31193-3124 NEW YORK RALEIGH SAN FRANCISCO SILICON VALLEY WASHINGTON, DC
Moelis & Company February 5, 2021 399 Park Avenue, 5th Floor Client: 060768 New York, NY 10022 Matter: 549431 Invoice #: 11189538 Stuart Rogers
INVOICE SUMMARY
Re: Intelsat
Services Billed: 4,481.00
Other Charges: 0.00
Invoice Total: 4,481.00 USD
US Tax Address: ELECTRONIC FUNDS TRANSFER INFORMATION
Alston & Bird LLP Bank Address: Wells Fargo Bank N.A., 171 17th Street, 7th Floor, Atlanta, Georgia One Atlantic Center 30363 1201 W. Peachtree Street For the Account Of: Alston & Bird LLP Atlanta, Georgia 30309-3424 ROUTING: ACH: 061000227 WIRE: 121000248 F.E.I # 58-0137615 Account #: 2000016952111 (404) 881-7000 Swift Code: WFBIUS6S PLEASE REFERENCE INVOICE NUMBER(S) ON WIRE
Remittance information can be e-mailed to [email protected]
Services or other charges, which either have not been received or processed, will appear on a later statement.