SES acquisition financing for Intelsat
- Issuer or borrower
- SES
- Date
- 19 Jun 2024
- Amount
- €3bn
- US$ equivalent
- US$3.2bn
- Type
- Acquisition finance
- Structure
- €3bn bridge underwritten by Deutsche Bank and Morgan Stanley, syndicated into a €2.1bn bridge (12 months plus two six-month extensions) and a US$1bn five-year amortising term loan
- Country
- Luxembourg
Sources
- SES: successful syndication and raising of €3 billion acquisition financing businesswire.com · 19 Jun 2024
- SES: successful syndication of €3 billion acquisition financing silicon.co.uk
Checked against the documents above. Record ORB-2024-0004.
Other financings by SES
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Mar 2026 | SES €650m 7.375% perpetual hybrid | Bond | €650m |
| 23 Dec 2024 | EIB €150m loans to SES (2024) | Government finance | €150m |
| 6 Sep 2024 | SES €1bn hybrid dual-tranche bonds | Bond | €1bn |
| 16 Dec 2022 | EIB €300m loan to SES | Government finance | €300m |
| 27 May 2021 | SES €625m hybrid bonds (2021) | Bond | €625m |
| 26 Jun 2019 | SES €1.2bn syndicated revolving credit facility | Bank facility | €1.2bn |
M&A and investment involving SES
| Date | Deal | Type | Value |
|---|---|---|---|
| 17 Jul 2025 | SES acquisition of Intelsat | M&A | US$2.6bn |
| 1 Aug 2016 | SES acquisition of the rest of O3b Networks | Stake sale | US$730m |
