Aircraft Interiors International
  • News
    • Aircraft Safety
    • Aircraft Seating
    • Airline News
    • Airframer News
    • Cabin Design
    • Catering & Onboard Retail
    • Galleys & Monuments
    • Industry News
    • Inflight Amenities
    • Inflight Connectivity
    • In-flight Entertainment
    • Materials. Trim & Finish
    • MRO
    • Passenger Experience
    • Passenger Health & Safety
    • Sustainability
  • Features
  • Online Magazines
    • March 2025
    • Design Showcase 2025
    • November 2024
    • March 2024
    • November 2023
    • Aug/Sep 2023
    • Archive Issues
    • Subscribe Free!
  • Opinion
  • Videos
  • Images
  • Supplier Spotlight
  • Jobs
    • Browse Industry Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
  • Events
LinkedIn YouTube X (Twitter)
LinkedIn YouTube
Subscribe to Magazine Subscribe to Email Newsletter Media Pack
Aircraft Interiors International
  • News
      • Aircraft Safety
      • Aircraft Seating
      • Airline News
      • Airframer News
      • Cabin Design
      • Catering & Onboard Retail
      • Galleys & Monuments
      • Industry News
      • Inflight Amenities
      • Inflight Connectivity
      • In-flight Entertainment
      • Materials. Trim & Finish
      • MRO
      • Passenger Experience
      • Passenger Health & Safety
      • Sustainability
  • Features
  • Online Magazines
    1. March 2025
    2. Design Showcase 2025
    3. November 2024
    4. September 2024
    5. May 2024
    6. March 2024
    7. Design Showcase 2024
    8. Archive Issues
    9. Subscribe Free!
    Featured
    March 6, 2025

    The March 2025 issue of Aircraft Interiors International is out!

    Accessibility By Web Team
    Recent

    The March 2025 issue of Aircraft Interiors International is out!

    March 6, 2025

    The 2025 Aircraft Interiors International Showcase issue is out!

    January 13, 2025

    The November 2024 issue of Aircraft Interiors International is out!

    November 13, 2024
  • Opinion
  • Videos
  • Podcast
  • Images
  • Supplier Spotlight
  • Jobs
    • Browse Industry Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
  • Events
LinkedIn YouTube
Aircraft Interiors International
Industry News

SES secures €3 billion of financing for Intelsat acquisition

Web TeamBy Web TeamJune 27, 20242 Mins Read
Share LinkedIn Twitter Facebook Email
Image: SES

SES S.A. has announced the successful syndication of a €3 billion equivalent acquisition financing package to support the earlier announced agreement for SES to acquire Intelsat S.A..

Prior to the Intelsat deal announcement, Deutsche Bank AG and Morgan Stanley had jointly underwritten a €3 billion bridge funding facility to support SES’s financing requirements as part of the agreement to acquire Intelsat.

According to SES, this €3 billion bridge facility has now been successfully syndicated, with a highly oversubscribed level of commitments, to an international group of banks with which the company has existing relationships, as well as new banks, in the form of a €2.1 billion bridge facility and US$1 billion term loan. The term loan was upsized in syndication on the back of a strong response from the bank group.

The bridge facility serves to provide financing certainty and flexibility in the issuance of bonds. SES’s bridge facility has a tenor of 12 months and can be extended twice by a further six months, while the term loan has a five-year amortising tenor from its draw.

The term loan financing diversifies funding sources for SES, at an attractive rate, and provides flexibility for de-leveraging over time. SES has also agreed to a two-year extension of the €1.2 billion revolving credit facility (signed 26th June 2019), thereby maintaining a fully committed back-up liquidity facility up to 26th June 2028 with a group of 19 banks.

Sandeep Jalan, chief financial officer at SES, said of the funding, “We are delighted to have received overwhelming support of our banking partners in the financing of this important and transformational transaction for SES. The bridge facility provides SES with financing flexibility from a capital markets issuance perspective, while the term loan serves as a source of long-term financing.”

Share. Twitter LinkedIn Facebook Email
Previous ArticleAerQ’s time at AIX 2024
Next Article SkyTecno joins Boeing’s Premier Bidder Program
Web Team

Related Posts

Airline News

A preview of United’s all-new ‘Elevated’ B787-9 interior

May 14, 20251 Min Read
Aircraft Seating

United reveals its ‘Elevated’ premium Boeing 787-9 interiors

May 14, 20256 Mins Read
Airframer News

FACC receives COMAC Supplier of the Year Award

May 14, 20252 Mins Read
Latest Posts

A preview of United’s all-new ‘Elevated’ B787-9 interior

May 14, 2025

United reveals its ‘Elevated’ premium Boeing 787-9 interiors

May 14, 2025

FACC receives COMAC Supplier of the Year Award

May 14, 2025
Supplier Spotlights
Our Social Channels
  • YouTube
  • LinkedIn
Getting in Touch
  • Subscribe to Magazine
  • Meet The Editors
  • Contact Us
  • Media Pack
Related Topics
  • Aerospace Testing
  • Business Airport
  • Business Jet Interiors
FREE WEEKLY NEWS EMAIL!

Get the 'best of the week' from this website direct to your inbox every Wednesday


© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.