Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 367

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 367
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The facility is 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. Another extension in 2024 set the termination date 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, 2024 and 2023, 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, 2024 and 2023, no amount had been drawn under this facility.

2016 Deeply Subordinated Fixed Rate Resettable Securities for EUR 550 million (“Perpetual Bond”)

In November 2016 SES issued Deeply Subordinated Fixed Rate Resettable Securities of EUR 550 million at a coupon of 5.625 percent. On
December 4, 2023, the Company issued a ‘Notice of Redemption’ to holders of securities with a call date on January 29, 2024 triggering its reclassification from equity to short-term borrowings as of December 31, 2023.
Consequently, the Bond has now been fully settled.

EUR 115 million LuxGovSat Credit Facility

In 2015 LuxGovSat S.A. signed a financing agreement with BGL BNP Paribas for EUR 115 million at a fixed coupon rate of 3.30%. The facility
is repayable in 14 semi-annual instalments and has a final maturity date of December 1, 2027. As of December 31, 2024, total