SES S.A. has announced the successful launch and pricing of a bond offering in which it has agreed to sell senior unsecured fixed rate notes due in 2026 for a total amount of EUR 500 million, the company said.
The notes will bear a Coupon of 1.625% per annum and were priced at 99.34% of their nominal value.
SES is rated Baa2 by Moody´s (with stable outlook) and BBB by Standard & Poor´s (with stable outlook). Proceeds of the issuance will be used for general corporate purposes (which includes the refinancing of existing debt).
With this transaction, SES has taken advantage of the current attractive market conditions to further strengthen its liquidity profile ahead of a EUR 500 million senior debt maturity later this year and issue a bond with the lowest coupon in the company´s history.
SES is a world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 16 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key business units: SES Video and SES Networks. Further information available at: www.ses.com