anyone want to guess why Intelsat is carrying a debt load of 15.5 Billion?

Intelsat: Evolution Of Capital Structure Presents Opportunity For Preferred Equity

Editor's notes: Intelsat's high degree of operating leverage in a stable, growing business makes for a good investment. 75-85% upside over the coming years as the company pays down debt.
http://seekingalpha.com/article/1606712-intel...&ifp=0

.....I've heard some say others were lucky when preparation and opportunity meet