Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 323

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 323
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 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

144A Bond USD 750 million (2023)

In 2013 SES completed a 144A offering in the US market issuing USD 750 million 10-year bond with a
coupon of 3.60%. The Bond was settled in full at maturity on April 4, 2023.

144A Bond USD 250 million (2043)

In 2013 SES completed a 144A offering in the US market issuing USD 250 million 30-year bond with a
coupon of 5.30% and a final maturity date on April 4, 2043.

144A Bond USD 500 million (2044)

In 2014 SES completed a 144A offering in the US market issuing USD 500 million 30-year bond with a
coupon of 5.30% and a final maturity date of March 25, 2044.

Syndicated loan 2019

The facility is being provided by 19 banks and has been structured as a 5-year multi-currency revolving
credit facility. In 2021 the Company extended the termination date from June 26, 2025 to June 26, 2026, subsequently prolongated to June 26, 2028. The facility is for EUR 1,200 million and the interest payable is linked to a
ratings grid. At the current SES credit rating of BBB/ Baa3, the interest rate is 45 basis points over EURIBOR/SOFR. As of December 31, 2023 and 2022, no amount had been drawn under this facility.

European Investment Bank (‘EIB’) Financing Facility EUR 300 million (2029)

On December 16, 2022 SES signed a seven-year contract with the EIB which will support the funding of SES’s three fully digital
satellites serving Western Europe, Africa and the Middle East. The facility is available for disbursement at fixed or floating rates linked to a ratings grid. At the current SES credit rating of BBB/ Baa3 this equates to 0.42% per annum over EURIBOR
(in case of a floating rate) or over a base rate as determined by the EIB (in the case of a fixed rate). As of December 31