Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 412

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 412
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ulated other comprehensive loss                              |     |              |    (51,283 | ) |     |                |           — |   |     |     |     |     |             |     51,283 |   |     |  -27 |     |              |          — |
| Total Intelsat S.A. shareholders’ equity (deficit)                |     |              | (5,102,511 | ) |     |                |   9,537,049 |   |     |     |     |     |             |   (723,538 | ) |     |      |     |              |  3,711,000 |
| Noncontrolling interest                                           |     |              |      4,238 |   |     |                |           — |   |     |     |     |     |             |     31,762 |   |     |  -27 |     |              |     36,000 |
| Total liabilities and shareholders’ equity (deficit)              |     | $            | 14,069,208 |   |     | $              |    (820,023 | ) |     |     |     |     | $           |   (665,409 | ) |     |      |     | $            | 12,583,776 |

F-126

(d) Reorganization Adjustments In accordance with the Final Plan, the following adjustments were made:

| (1) | Represents amounts recorded as of the Fresh Start Reporting Date for the implementation of the Final Plan,                                                     
 including, among other items, settlement of the Predecessor’s liabilities subject to compromise, distributions of cash, conversion of the debtor-in-possession 
 financing to the DIP-to-Exit Financing facilities, issuances of the Successor’s common shares, Series A and Series B Warrants and Series A and Series B CVRs.  |

| (2) | Changes in cash and cash equivalents includes the following (in thousands): |

| Cash at Intelsat S.A.                                        |     | $ |      99 |   |
| Payment of professional fees including success fees          |     |   | (72,374 | ) |
| Funding of reserve to make future distributions to creditors |     |   |  (1,404 | ) |
| Net change in cash and cash equivalents                      |     | $ | (73,679 | ) |

| (3) | Reflects the disbursement of funds deposited with DTC to