SES Inks EUR 300 million Term Loan with European Investment Bank
LUXEMBOURG December 16, 2022–(BUSINESS WIRE)–Regulatory News:
SES has announced today that it has entered into an EUR 300 million Term loan with the European Investment Bank. SES will have an 18 month availability period during which it can draw in multiple tranches under the loan, provided they fulfill the common conditions precedent. A fixed rate or floating rate can be used to price any given tranche, with a maximum term of 7 years.
SES is rated Baa2, negative outlook by Moody’s and BBB, stable outlook by Fitch.
Additional details regarding the loan will be revealed at a press conference on 11 January 2023.
Follow us on:
Twitter | Facebook | YouTube | LinkedIn | Instagram
About SES
SES is a pioneer in global content connectivity solutions. We aim to provide amazing experiences all over the globe by providing high quality video content and seamless connectivity. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries about 8,000 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed at the Paris and Luxembourg stock markets (Ticker SESG). More information can be found at: www.ses.com.
Businesswire.com – View the source version https://www.businesswire.com/news/home/20221216005421/en/
Contacts
Suzanne Ong
External Communications
Tel. +352 710 725 500
[email protected]