Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 334

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 334
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8 billion) and certain contingent value rights. The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to
profitably invest in innovation, and benefit from the collective talent, expertise, and track record of both companies. The transaction, which is subject to relevant regulatory clearances/filings and customary provisions concerning cooperation and
measures in seeking such regulatory clearances, which are expected to be received during the second half of 2025.

SES has obtained
financing for the acquisition under an (originally) EUR 3 billion bridge facility dated 30 April 2024 (the Bridge Facility) and a USD 1 billion Term Loan A Facility dated 14 June 2024 (the TLA). Upon entry into the TLA, the
Bridge Facility was cancelled in an amount of EUR 930 million.

Hybrid Dual-tranche Bond Offering

On September 6, 2024, SES S.A. announced the successful launch and pricing of a hybrid dual-tranche bond offering in which it has agreed
to sell Deeply Subordinated Fixed Rate Resettable Securities for a total amount of EUR 1 billion. The settlement took place on September 12, 2024 and the notes are listed on the Luxembourg Stock Exchange. The transaction is composed of a
EUR 500 million 30-year Non-Call (NC) 5.25-year tranche with a first reset date on December 12, 2029 and a EUR
500 million 30-year NC 8-year tranche with a first reset date on September 12, 2032. The NC 5.25-year notes will bear a
coupon of 5.5% per annum and were priced at 99.473% of their nominal value while the NC 8-year notes will bear a coupon of 6% per annum and were priced at par.

F-91

Confidential Treatment Requested by 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 Interim dividend On September 27, 2024, the SES Board of Directors has approved the payment of an interim dividend of EUR 0.25 per A-share(EUR 0.1 per B-share)to be paid to shareholders on October 17, 2024. Settlement Agreement in connection with SES-19and SES-