Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 252

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 252
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, the entire Phase II ARP proceeds of $3.7 billion were received (see Liquidity and Capital Resources— Overview). Subsequently, a portion of these proceeds was used to repay the 2029 Term Loans in full. Intelsat intends to fund its capital expenditure requirements through cash on hand and cash provided by operating activities. The following table compares Intelsat’s satellite-related capital expenditures to total capital expenditures from 2022 through 2023 (in thousands).

| Year  
 2022  
 2023  |     | Satellite-Related    
 Capital Expenditures | 448,459 
 350,777 |     | Total Capital 
 Expenditures  |   617,985 
   584,253 |
|:------|:----|:---------------------|--------:|:----|:--------------|----------:|
| Total |     | $                    | 799,236 |     | $             | 1,202,238 |

Off-BalanceSheet Arrangements Other than disclosed elsewhere in this prospectus, Intelsat has no material off-balancesheet arrangements that have or are reasonably likely to have a current or future effect or change on Intelsat’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. Contractual Obligations Secured Debt.Interest payments of $195.0 million, $195.0 million, $195.0 million, $195.0 million, $195.0 million and $291.5 million are due in the years 2024, 2025, 2026, 2027, 2028 and thereafter, respectively, on the 2030 Jackson Secured Notes. See Note 8—Debt of the Intelsat audited financial statements for the period ended December 31, 2023 included elsewhere in this prospectus for further detail of Intelsat’s debt principal payments. Income Tax Contingencies.This amount totals $62.2 million. The timing of future cash flows from income tax contingencies cannot be reasonably estimated. 204

Critical Accounting Policies and Estimates

The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect reported
amounts and related disclosures. Intelsat considers an accounting estimate to be critical if: (1) it requires assumptions to be made that were uncertain at the time the estimate was made; and (2) changes in the estimate, or selection of
different estimates,