Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 385

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 385
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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 provided by 24 banks and has been structured as a 5-yearterm loan facility. The facility amount is EUR 963 million (USD 1,000 million), and the termination date is set for June 15, 2029. The agreement was signed on June 14, 2024 and is related to the acquisition of Intelsat. The interest payable is linked to a ratings grid, with the rate based on the Term SOFR plus a margin that varies according to the SES credit rating. As of December 31, 2024, no amount had been drawn under this facility. Bridge Facility Agreement The facility has been structured as a EUR 3 billion bridge facility. The agreement was signed on April 30, 2024 and is related to the acquisition of Intelsat. The interest payable is linked to a ratings grid, with the rate based on the EURIBOR plus a margin that varies according to the SES credit rating. SES secured financing for the acquisition through this initial EUR 3 billion bridge facility and a EUR 963 million (USD 1 billion) Term Loan Facility dated June 14, 2024 (“TLA”). Upon entering the TLA, EUR 930 million of the Bridge Facility was F-82

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 canceled. Additionally, on September 12, 2024, the Company raised EUR 1 billion in Hybrid financing, which similarly led to the cancelation of an equivalent portion of the Bridge Facility. As of December 31, 2024, the facility amount is EUR 1,079 million and no amount had been drawn under this facility. European Investment Bank (‘EIB’) Financing Facility EUR 25 million On December 23, 2024, SES signed a finance contract with the EIB to support the funding of a satellite communications system for rural Central Asia.