Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 141

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 141
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 certain funds and/or accounts managed by The TCW Group, Inc. or its subsidiaries (the “TCW Shareholders”), (iii) PGIM, Inc., on behalf of one or more funds and/or accounts for which it serves as investment adviser (the “PGIM Shareholders”), (iv) certain funds and/or accounts managed or advised by AB CarVal Investors, L.P.(the “CarVal Shareholders”), (v) certain funds managed or advised by Davidson Kempner Capital Management L.P. (the “DKP Shareholders”), (vi) certain funds and/or accounts managed by Glendon Capital Management LP (the “Glendon Shareholders”) and (vii) certain funds and/or accounts, or subsidiaries of such funds and/or accounts, managed, advised or controlled by Appaloosa LP, or an affiliate thereof (the “Appaloosa Shareholders”) on April 30, 2024. The rights and obligations of the applicable parties are governed by the express terms and conditions of the applicable Support Agreement, a form of which is attached hereto as Annex C, and not by this discussion, which is summary by nature. This discussion is not complete and is qualified in its entirety by reference to the complete text of the form of the Support Agreement attached hereto as Annex C. You are encouraged to read the Support Agreement carefully in its entirety, as well as this prospectus and any documents incorporated by reference herein. This section is not intended to provide you with any factual information about either Intelsat or SES. In connection with the Share Purchase Agreement, and as a material condition and inducement to SES’s willingness to enter into the Share Purchase Agreement, the Supporting Shareholders entered into Support Agreements with SES and Intelsat in substantially the form attached hereto as Annex C, pursuant to which each Supporting Shareholder irrevocably and unconditionally agreed to affirmatively vote its Intelsat common shares in favor of the Intelsat Shareholder Approval Resolutions for the Intelsat Shareholder Approval. Based on information provided by the Supporting Shareholders to Intelsat as of the date of each applicable Support Agreement, such Supporting Shareholders beneficially own an aggregate of 49,839,902 Intelsat common shares that are subject to the terms of the Support Agreements and individually own such shares as follows: the PIMCO Funds beneficially own 22,389,110 shares in the aggregate, 22,316,943 of which are subject to the terms of the PIMCO Funds