Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 360

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 360
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 • |     | distribution to certain holders of allowed unsecured claims against Intelsat Connect of their pro rata shares of                                                                                                       
 (i) cash, (ii) 32.5% of Series B CVRs, (iii) 4.0% of the Company’s post-Emergence common shares, (iv) 100% of New Series A Warrants (as defined herein), and (v) 46.447% of New Series B Warrants (as defined herein); |

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Envision of their pro rata shares of 
 (i) cash, and (ii) 47.301% of New Series B Warrants;                                                              |

| • |     | distribution to certain holders of allowed unsecured claims against Intelsat Luxembourg of their pro rata shares 
 of cash; and                                                                                                     |

| • |     | distribution to certain holders of allowed unsecured claims against                                                                                                                            
 pre-Emergence Intelsat S.A. (now Reorganized ISA S.A.) of (i) cash, and (ii) 6.252% of New Series B Warrants, and (iii) certain securities of Reorganized ISA S.A. (please see—Reorganized ISA 
 S.A. Securities below for additional information).                                                                                                                                             |

Intelsat S.A. also adopted a management incentive plan upon Emergence, which provides for, among other things, the reservation of certain restricted and performance securities, as well as long-term cash incentive awards. Reorganized ISA S.A. Securities In addition to the terms summarized above, upon Emergence, a distribution was made to certain holders of allowed unsecured claims against pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) of 100% of Reorganized ISA S.A. common shares (subject to dilution by the exercise of certain new warrants issued by Reorganized ISA S.A., if any). All common shares of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) outstanding immediately prior to the Effective Date were extinguished. Certain holders of pre-EmergenceIntelsat S.A. (now Reorganized ISA S.A.) common shares who successfully opted into an equity group settlement obtained their pro rata shares of warrants issued by Reorganized ISA S.A. for up to 10% of Reorganized ISA S.A. common shares. The Reorganized ISA S.A. common shares