Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 117

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 117
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 If any portion of the Debt Financing becomes unavailable, withdrawn, repudiated, terminated or rescinded, SES has agreed to promptly notify Intelsat in writing. SES has agreed not to, and to cause its affiliates not to, permit, consent to or agree to certain amendments, restatements, replacements, supplements, terminations or other modifications or waivers of provisions or remedies under the Bridge Facility Agreement (including any relief or release of any debt financing source from its obligations under the Bridge Facility Agreement other than in connection with the entry into of a replacement Debt Financing (including for those purposes, any Retained SSNs) where such replacement Debt Financing is otherwise expressly permitted under the terms and conditions of the Share Purchase Agreement) without the prior written consent of Intelsat, subject to the terms and conditions of the Share Purchase Agreement. SES has also agreed to keep Intelsat informed, upon Intelsat’s reasonable request, of the status of its efforts to arrange the Debt Financing and to promptly notify Intelsat upon the occurrence of certain events set forth in the Share Purchase Agreement. SES has agreed that the availability, terms or obtaining all or any portion of the Debt Financing is not a condition to the obligations of SES under the Share Purchase Agreement, including the obligation to consummate the Acquisition. “Debt Financing” means, subject to the terms and conditions of the Bridge Facility Agreement and the Share Purchase Agreement, (i) the financing contemplated by the Bridge Facility Agreement and (ii) the portion of the Intelsat Jackson Notes (or any replacement thereof) (if any) that is not subject to the Pre-ClosingNotes Repurchase and that will therefore remain outstanding on or after the Closing (the “Retained SSNs”). Conditions to the Closing of the Acquisition Each party’s obligation to consummate the Acquisition is subject to the fulfillment or waiver of various conditions, which include the following:

| • |     | no law enacted or issued after the date of the execution of the Share Purchase Agreement in any jurisdiction for                                                                                                                                          
 which there is a Required Antitrust Approval, a Required Telecommunication Approval that is a consent or a Required FDI Approval, or in any other jurisdiction that is material to the Combined Group, being in effect which has the effect of enjoining, 
 restraining, making illegal or otherwise prohibiting the consummation of the Acquisition;                                                                                                                                                                 |

| • |     | any applicable waiting period (and any extension thereof) under the HSR Act having expired or terminated and                                                                               
 consents of, or filings under, any