SES: successful syndication for acquisition of Intelsat

(CercleFinance.com) - SES announces the successful syndication of a E3bn financing package to support its acquisition of Intelsat, consisting of a E2.
1bn bridge facility and a $1bn term loan.

The Luxembourg-based satellite operator says this financing, which had largely oversubscribed commitments, was syndicated to a mix of existing and new international relationship banks.

SES adds that it has extended an existing E1.2bn revolving credit facility (signed in June 2019) for a further two years, until June 2028, with a mix of 19 financial institutions.


Copyright (c) 2024 CercleFinance.com. All rights reserved.