SES S.A. is pleased to announce the successful renewal of the company’s EUR 1,200,000,000 Committed Revolving Credit Facility.
Following strong support from existing lenders, the facility was
considerably oversubscribed having received a high level of early bird
commitments from a number of banks.
The facility is for general corporate purposes and has been
structured as a 5-year, multi-currency revolving credit facility with an option
to extend until 2026 (5+1+1). The margin for the new facility is 40 basis
points (for a Baa2/BBB rating) above EURIBOR and is 5 basis points inside the
pricing of the former syndicated and committed credit facility closed in
January 2014.
Andrew Browne, Chief Financial Officer of SES, commented: “This
financing further strengthens our liquidity profile and has been secured at
improved terms. I am particularly pleased with the strong level of support
received from existing lenders which highlights SES’ strong investment grade
credit fundamentals and demonstrates our continuing and ongoing ability to
secure funding on attractive terms”.
The Syndicate is comprised of 19 banks
AGRICULTURAL BANK OF CHINA LUXEMBOURG BRANCH, BANK OF CHINA LIMITED, LUXEMBOURG
BRANCH, BANCO BILBAO VIZCAYA ARGENTARIA, S.A., LONDON BRANCH, BANQUE ET CAISSE
D’EPARGNE DE L’ETAT, LUXEMBOURG, BNP PARIBAS FORTIS SA/NV, COMMERZBANK
AKTIENGESELLSCHAFT, LUXEMBURG BRANCH, DEUTSCHE BANK LUXEMBOURG S.A., GOLDMAN
SACHS BANK USA, LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE, HSBC BANK PLC, ING
LUXEMBOURG S.A., INTESA SANPAOLO BANK LUXEMBOURG S.A. – AMSTERDAM BRANCH, J.P.
MORGAN SECURITIES PLC, LANDESBANK BADEN-WÜRTTEMBERG, MIZUHO BANK EUROPE N.V.,
MUFG BANK, LTD., NATWEST MARKETS PLC, SUMITOMO MITSUI BANKING CORPORATION,
SOCIÉTÉ GÉNÉRALE
and was coordinated by
BNP PARIBAS, COMMERZBANK AKTIENGESELLSCHAFT LUXEMBURG BRANCH, MIZUHO BANK
EUROPE N.V., SOCIETE GENERALE
