Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 431

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 431
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 type certificates and other assets. As a result, we recorded a non-cashimpairment charge of $6.4 million, which is included within “Impairment of goodwill and other intangible assets” in our consolidated statements of operations. Scheduled amortization charges for intangible assets over the next five years are as follows (in thousands):

| Year Ending December 31, 
 2025                     |     | Amount | 23,941 |
|:-------------------------|:----|:-------|-------:|
| 2026                     |     |        | 20,071 |
| 2027                     |     |        | 15,721 |
| 2028                     |     |        |  9,538 |
| 2029                     |     |        |  8,619 |

Our policy is to expense all costs incurred to renew or extend the terms of our intangible assets. Note 8—Debt The carrying values and fair values of our notes payable and debt were as follows (in thousands):

|                                               |     |                | As of December 31, 2023 |     |            |           |     |                | As of December 31, 2024 |     |            |           |
|:----------------------------------------------|:----|:---------------|------------------------:|:----|:-----------|----------:|:----|:---------------|------------------------:|:----|:-----------|----------:|
|                                               |     | Carrying Value |                         |     | Fair Value |           |     | Carrying Value |                         |     | Fair Value |           |
| 6.50% First Lien Secured Notes due March 2030 |     | $              |               3,000,000 |     | $          | 2,865,000 |     | $              |               3,000,000 |     | $          | 2,763,750 |
| Total Intelsat debt                           |     |                |               3,000,000 |     |            | 2,865,000 |     |                |               3,000,000 |     |            | 2,763,750 |
| Less: current maturities of long-term debt    |     |                |                       — |     |            |         — |     |                |                       — |     |            |         — |
| Total Intelsat long-term debt                 |     | $              |