SES Successfully Placed EUR 400 Million Multi-Tranche Schuldschein Loan
SES S.A., the world’s leading satellite operator, has completed the syndication of Schuldschein Loans for a total amount of EUR 400 million, comprising a EUR 150 million 5.5-year floating tranche at Euribor 6 months plus 0.80% and a EUR 250 million 7-year fixed rate tranche with a coupon of 1.71%. SES is rated Baa2/BBB- (both with stable outlook).
The Schuldschein loan was upsized from the initially marketed size and was placed with several European and Asian institutions. The proceeds will...