Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 15

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 15
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, always-available, high-performance connectivity relied on by governments, businesses and billions of people every day. With nearly 60 geostationary satellites,
Intelsat provides communications services to the world’s leading media companies, telecommunications operators, the U.S. government and other military organizations. Intelsat also provides inflight internet to 25 commercial airline partners and
nearly 3,000 aircraft. Intelsat is redefining the future with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless and secure coverage.

The Share Purchase Agreement and the Acquisition (See pages 65 and Annex A)

The terms and conditions of the Acquisition are contained in the Share Purchase Agreement, a copy of which is attached as to
this prospectus. You are encouraged to read the Share Purchase Agreement carefully and in its entirety, as it is the primary legal document that governs the Transactions.

On April 30, 2024, Intelsat entered into the Share Purchase Agreement with SES. Upon the terms and subject to the conditions set forth in
the Share Purchase Agreement and in accordance with the applicable laws, at the Closing, (a) in exchange for the consideration for the Acquisition, Intelsat will sell, transfer and deliver to SES, and SES will purchase from Intelsat, (i) all of
the outstanding shares (the “Transferred Shares”) of

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Holdings, and (ii) all of Intelsat’s rights, titles and interests in and to all of Intelsat’s assets, properties and rights of every nature, kind and description, whether tangible
or intangible, real, personal or mixed, accrued or contingent (including goodwill), wherever located and whether now existing or acquired prior to the Closing Date (as defined below), excluding the Intelsat Shareholders’ Agreement (as defined
below), the Intelsat Registration Rights Agreement (as defined below), the Intelsat Warrant Agreements (as defined below) and certain other excluded assets (such transferred assets, the “Transferred Assets”), and (b) SES will assume
and pay, perform and fulfill all of Intelsat’s liabilities arising or incurred prior to or at, or relating to any period ending prior to or at, the Closing, excluding any post-Closing taxes of Intelsat, any liabilities of Intelsat following the
Closing (including any liabilities arising from or related to the Liquidation and Intelsat’s obligation to distribute applicable assets to Int