Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 324

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 324
---
, 2023 and 2022, no amount had been drawn under this facility.

EUR 523 million Coface facility

In
2009 SES signed a financing agreement with Compagnie Française d’Assurance pour le Commerce Extérieur (‘Coface’) in respect of the investment in four geostationary satellites (ASTRA 2E, ASTRA 2F, ASTRA 2G, ASTRA 5B). The
facility is divided into five loans. The drawings under the facility were based on invoices from the supplier of the satellites. The first drawing was done on April 23, 2010 and all loan tranches became fully drawn in November 2014. Each Coface
tranche is repayable in 17 equal semi-annual instalments where Coface A had a final maturity date of August 1, 2022, Coface F matured on May 21, 2021. SES opted to execute voluntary prepayment clauses pursuant to the Agreement and repaid
the remaining outstanding amount of Coface tranche B as per November 21, 2017 and remaining balance of Coface C and D as per April 27, 2022. The entire facility born the interest at a floating rate of
six-month EURIBOR plus a margin of 1.7%.

2016 Perpetual Bond for EUR 550 million

In November 2016 SES issued a Perpetual Bond of EUR 550 million at a coupon of 5.625 percent. On December 4, 2024 the Company
issued the Notice of Redemption to Holders of the EUR 550 million Deeply Subordinated Fixed Rate Resettable Securities with a call date on January 29, 2024 triggering its reclassification from equity to short-term borrowings.

F-80

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, 2023 and December 31, 2022 EUR 115 million Credit Facility (LuxGovSat) In 2015 LuxGovSat S.A. signed a financing agreement with BGL BNP Paribas for EUR 115 million at a fixed rate coupon of 3.30%. The facility is repayable in 14 semi-annual instalments and has a final maturity date of 1 December 2027. As of December 31,