Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 243

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 243
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 for satellites and other property and equipment during the year ended December 31, 2023 were $584.3 million. On July 12, 2023, Intelsat License filed its Phase II Certification of Accelerated Relocation, indicating completion of required clearing activities to satisfy the December 5, 2023 accelerated clearing deadline. No challenges to the certification were made and, under the rules established pursuant to the FCC Final Order, on August 11, 2023, the certification was deemed valid and Intelsat submitted its invoice for the Phase II ARP of approximately $3.7 billion. As of October 19, 2023, the entire Phase II ARP proceeds of $3.7 billion were received (see Liquidity and Capital Resources— Overview). Subsequently, a portion of these proceeds was used to repay the 2029 Term Loans in full. Intelsat intends to fund its capital expenditure requirements through cash on hand and cash provided by operating activities. The following table compares Intelsat’s satellite-related capital expenditures to total capital expenditures from 2022 through 2023 (in thousands).

| Year  
 2022  
 2023  |     | Satellite-Related    
 Capital Expenditures | 448,459 
 350,777 |     | Total Capital 
 Expenditures  |   617,985 
   584,253 |
|:------|:----|:---------------------|--------:|:----|:--------------|----------:|
| Total |     | $                    | 799,236 |     | $             | 1,202,238 |

Off-BalanceSheet Arrangements Other than disclosed elsewhere in this prospectus, Intelsat has no material off-balancesheet arrangements that have or are reasonably likely to have a current or future effect or change on Intelsat’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. Contractual Obligations Secured Debt.Interest payments of $195.0 million, $195.0 million, $195.0 million, $195.0 million, $195.0 million and $291.5 million are due in the years 2024, 2025, 2026, 2027, 2028 and thereafter, respectively, on the 2030 Jackson Secured Notes. See Note 8—Debt of the Intelsat audited financial statements for the period ended December 31, 2023 included elsewhere in