SES Inks EUR 300 Million Term Loan With European Investment Bank
17 December 2022 - 5:25AM
Business Wire
Regulatory News:
SES announced today it has entered into a EUR 300 million Term
Loan with the European Investment Bank. The loan agreement provides
for an availability period of 18 months during which SES can draw
under the loan in multiple tranches, subject to fulfilling the
common conditions precedent. Any given tranche can be priced based
on a fixed or a floating rate, with a tenor of up to 7 years.
SES is rated Baa2, negative outlook by Moody’s and BBB, stable
outlook by Fitch.
More details about the loan will be announced during a press
event on 11 January 2023.
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About SES
SES has a bold vision to deliver amazing experiences everywhere
on earth by distributing the highest quality video content and
providing seamless connectivity around the world. 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 on
Paris and Luxembourg stock exchanges (Ticker: SESG). Further
information is available at: www.ses.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221216005421/en/
Suzanne Ong External Communications Tel. +352 710 725 500
suzanne.ong@ses.com
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