Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 432

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 432
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3,000,000 |     | $          | 2,865,000 |     | $              |               3,000,000 |     | $          | 2,763,750 |

The fair value for non-publiclytraded instruments is based upon composite pricing from a variety of sources, including market leading data providers, market makers and leading brokerage firms. Substantially all of the inputs used to determine the fair value of our debt are classified as Level 2 inputs within the fair value hierarchy under ASC 820. Required principal repayments of debt over the next five years and thereafter as of December 31, 2024 consists solely of the $3.0 billion principal associated with the 2030 Jackson Secured Notes (as defined below), which is due March 2030. Intelsat Jackson 6.50% First Lien Secured Notes due 2030 On January 27, 2022, Intelsat Jackson completed an offering of $3.0 billion aggregate principal amount of 6.50% First Lien Secured Notes due 2030 (the “2030 Jackson Secured Notes”). The 2030 Jackson Secured Notes bear interest at 6.50% annually and mature in March 2030. These notes are guaranteed by Intelsat S.A., other parent entities of Intelsat Jackson, and certain subsidiaries of Intelsat Jackson. Interest is payable on the 2030 Jackson Secured Notes semi-annually on March 15 and September 15, which commenced on September 15, 2022. Intelsat Jackson may redeem some or all of the notes at the applicable redemption prices and criterion set forth in the indenture governing the 2030 Jackson Secured Notes. The 2030 Jackson Secured Notes are senior secured obligations of Intelsat Jackson. 2022 Intelsat Jackson Secured Credit Facilities due 2029 On February 1, 2022, Intelsat Jackson entered into a secured credit agreement (the “2022 Intelsat Jackson Secured Credit Agreement”), which included a $3.2 billion term loan facility and a $500.0 million revolving credit F-145

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

facility, and borrowed the full $3.2 billion under the term loan facility due February 2029 (the “2029 Term Loans”). On October 26, 2023,