SES S.A. (Paris:SESG) (LuxX:SESG), the world´s
preeminent satellite operator, is pleased to announce today the
successful closing and signing of a €550,000,000
Revolving Credit Facility. Following strong support from new and existing banks, the facility
closed considerably oversubscribed and has been increased from a launch
amount of €350,000,000 while still having a
significant element of scale back for the committed banks. The syndicate
comprises 20 banks. The facility, which was arranged by ABN AMRO Bank N.V., The Bank of
Tokyo Mitsubishi UFJ, Ltd., BNP Paribas and Fortis Bank S.A./N.V., is
for general corporate purposes and has been structured as a two year
multicurrency revolving credit facility with a one year extension option
at the discretion of the lenders. The margin is linked to a ratings grid
and at the current rating of BBB / Baa2 the margin is 60bps p.a. Mark Rigolle, Chief Financial Officer of SES, commented: "We are pleased
to have secured this facility and to have extended our funding
alternatives. The successful conclusion of this syndicated loan reflects
SES´s position as an investment grade credit, and underlines our ability
to secure funding on attractive terms, even in the current credit
environment." About SES SES (Paris:SESG) (LuxX:SESG) wholly owns three market-leading satellite
operators, SES ASTRA in Europe, SES AMERICOM in North America and SES
NEW SKIES, which provides global coverage and connectivity. The Company
also holds 90% of SES SIRIUS in Europe as well as strategic
participations in Ciel in Canada and Quetzsat in Mexico. SES provides
outstanding satellite communications solutions via a fleet of 38
satellites in 25 orbital positions around the globe. Additional
information on SES is available at: www.ses.com
