Debt & Loan Facilities
Eurobonds
SES has a Euro Medium Term Note Programme (EMTN), which supports SES access to debt markets as and when required. The programme allows for total debt issuance up to EUR 4 billion.
SES and SES AMERICOM INC. respectively have issued the following senior unsecured obligations which rank pari passu with all other unsecured senior indebtedness of SES. The notes issued by SES are unconditionally and irrevocably guaranteed by SES AMERICOM INC. and - vice versa - the notes issued by SES AMERICOM INC. are unconditionally and irrevocably guaranteed by SES.
As per 30 June 2024, the following Eurobonds were outstanding:
| ISIN Security Code | Bloomberg Code (SESGFP) | Issue Date | Amount in EUR | Coupon | Maturity |
| XS1796208632 | AR7568900 | 22 Mar 2018 | 650m | 1.625% | 22 Mar 2026 |
| XS2075811781 | ZQ326823 | 04 Nov 2019 | 500m | 0.875% | 04 Nov 2027 |
| XS2196317742 | BK184944 | 02 Jul 2020 | 400m | 2.0% | 02 Jul 2028 |
| XS2489775580 | BX0411872 | 14 Jun 2022 | 750m | 3.5% | 14 Jan 2029 |
European Private Placement under the EMTN programme
| ISIN Security Code | Bloomberg Code (SESGFP) | Issue Date | Amount in EUR | Coupon | Maturity |
| XS 0786606789 | EJ206178 | 31 May 2012 | 140m | 4.000% | 31 May 2027 |
Documents:
USD 144a Bonds
SES and SES AMERICOM INC. respectively have issued the following senior unsecured obligations which rank pari passu with all other unsecured senior indebtedness of SES. The notes issued by SES are unconditionally and irrevocably guaranteed by SES AMERICOM INC. and - vice versa - the notes issued by SES AMERICOM INC. are unconditionally and irrevocably guaranteed by SES.
As per 30 June 2024, the following USD Bonds were outstanding:
| ISIN Security Code | Bloomberg Code (SESGFP) | Issue Date | Amount in USD | Coupon | Maturity |
| USL8175MAC49 | EJ6108934 | 04 Apr 2013 | 250m | 5.300% | 04 Apr 2043 |
| US78413KAB89 | EK1316604 | 25 Mar 2014 | 500m | 5.300% | 25 Mar 2044 |
The notes will not be and have not been registered under US Securities Act of 1993 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Schuldschein
In 2012 and 2018, SES placed in total three individual Schuldschein Loans in the German Bond ("Schuldschein") market for an aggregated amount of EUR 450 million comprising a EUR 150 million floating tranche and two fixed rate tranches with a coupon of 1.71% and 4.00% respectively. On 18 June 2024 EUR 150 million floating tranche has been repaid.
| Currency | Issue Date | Amount in EUR | Coupon | Maturity | |
| Schuldschein | EUR | 18 Dec 2018 | 250m | 1.710% | 18 Dec 2025 |
| Schuldschein | EUR | 12 Nov 2012 | 50m | 4.000% | 12 Nov 2032 |
Syndicated Credit Facility
On 26 June 2019, SES renewed its syndicated credit facility of EUR 1.2 billion Revolving Credit Facility with a syndicate of 19 banks.
In 2024 the Company extended the Termination Date from 26 June 2026 to 26 June 2028.
| Currency | Signing Date | Amount in EUR | Interest Rate | Maturity | |
| Syndicated Credit Facility | EUR | 26 June 2019 | 1,200m | EURIBOR+45bps | 26 June 2028 |
European Investment Bank (EIB) Financing Facility EUR 300 million (2029)
On 16 December 2022 SES signed the seven-year contract with EIB which will support the funding of SES’s three fully digital satellites serving Western Europe, Africa and the Middle East.
Commercial Paper Programmes
European Commercial Paper Programme
SES has a European commercial paper programme in place with a total programme size of EUR 1,000 million. This enables short term borrowings of up to 183 days. The borrowing facility is rated by Moody's Investors Service Ltd. and Fitch and is updated periodically.
Hybrid bonds
In 2016 and 2021, SES has issued deeply subordinated fixed rate resettable securities (so-called “Hybrid bonds”) for a total amount of EUR 1.175 million. The securities rank pari passu amongst themselves. The securities issued by SES are unconditionally and irrevocably guaranteed by SES Global Americas Holding GP. In January 2024, the €550 million hybrid bond was called and repaid from existing cash resources.
As per 30 June 2024, the following Hybrid bonds were outstanding:
| ISIN | Bloomberg Code | Issue Date | Amount in EUR | Coupon | Maturity |
| XS2010028343 | BP5739076 | 27 May 2021 | 625m | 2.875% | Perpetual |
Documents: