Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 364

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 364
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 in the facility.

F-81

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 European Commercial Paper program In 2012 SES signed the documentation for the inception of a joint EUR 1,000 million guaranteed European commercial paper program of SES S.A. and SES Americom Inc. (previously SES Global Americas Holdings Inc.). Issuances under the program represent senior unsecured obligations of the issuer and any issuance under the program is guaranteed by the non-issuingentity. The program is rated by Moody’s Investors Services and Fitch Ratings and is compliant with the standards set out in the STEP Market Convention. On July 4, 2024, this program was updated. As of December 31, 2024 and 2023, no borrowings were outstanding under this program. Deeply Subordinated Fixed Rate Resettable Securities (‘Hybrid Dual-tranche Bond Offering’) On September 6, 2024, SES S.A. announced the successful launch and pricing of a hybrid dual-tranche bond offering of EUR 1 billion. The settlement took place on September 12, 2024 and the notes are listed on the Luxembourg Stock Exchange. The transaction is composed of:

The NC 5.25-yearnotes bear a coupon of 5.5% per annum and were priced at 99.473% of their nominal value, while the NC 8-yearnotes will bear a coupon of 6% per annum and were priced at par. Fixed Term Loan (SES Astra 1P S. à r.l.) In December 2024, SES received an interest-bearing loan of EUR 33.5 million from Volantis S.à r.l.. The loan has a fixed interest rate of 3.15%, will be repaid in instalments, and matures in 2031. Floating Term Loan Facility (SES Satellites Ventures S. à r.l.) In December 2024, SES entered into a loan agreement with Elm (Luxembourg) S.à r.l. for USD 28.1 million to be granted in several instalments. The loan has at Term SOFR plus 2.2% variable interest rate. As of December 31, 2024, the Group had received USD 10.5 million. The loan is repayable in instalments, with a final maturity date in 2030. Term Loan Agreement The facility is