Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 216

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 216
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 $1.8 billion in reimbursements. Intelsat has received all C-band related payments and reimbursements, and has completed all applicable obligations under the FCC Final Order.

For the years ended December 31, 2023 and 2024, Intelsat recognized reimbursement income of $720.9 million and $304.3 million,
respectively, which is included within “Other operating expense (income), net—C-band” on Intelsat’s consolidated statements of operations.

Intelsat 33e Anomaly

In October 2024,
the Intelsat 33e satellite (in service since 2017) experienced an anomaly that resulted in a total loss of the satellite. In accordance with Intelsat’s existing satellite anomaly contingency plans, it restored service for most Intelsat 33e
customers on other satellites in Intelsat’s network, as well as on third-party satellites. Intelsat recorded a non-cash impairment charge of $100.9 million in the fourth quarter of 2024, which is included within “Satellite impairment”
in Intelsat’s consolidated statements of operations, of which $97.0 million related to the full carrying value of the satellite and $3.9 million related to prepaid coordination fees.

A failure review board has been formed with the satellite’s manufacturer, Boeing, to complete a comprehensive analysis of the most likely
cause of the anomaly. The analysis is still ongoing as of the date of this prospectus.

Intelsat 30

In February 2025, the Intelsat 30 satellite experienced a mechanical malfunction. In March 2025, Intelsat completed the troubleshooting
process, and the satellite is functioning nominally. The malfunction did not have any impact to the provision of services to Intelsat’s customer.

Share Premium Distribution

In September
2023, Intelsat’s board of directors authorized and approved, subject to shareholder approval, and in December 2023, the shareholders approved, the distribution of $130.0 million out of Intelsat’s share premium to the shareholders of
Intelsat in proportion to their holdings of shares of Intelsat and the holders of restricted stock units pursuant to the terms of the relevant award agreements, on the relevant record date. On January 29, 2024, Intelsat paid $1.873 per
outstanding share to its common shareholders of record at the close of business on January 5, 2024, totaling $127.5 million