SES Bond offering

Category: Finance

Region: Europe

2 min read

SES Prices a 144A Bond Offering of $1 billion of Notes in Two Tranches due 2019 and 2044

Written on 18 Mar 2014


SES Prices a 144A Bond Offering of $1 billion of Notes in Two Tranches due 2019 and 2044

Luxembourg, 18 March 2104 - SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) today announced the pricing of the Group’s second Yankee bond offering. SES Global Americas Holdings GP (“SES Americas”) has agreed to sell:

$500 million in amount of 2.500% notes due 2019 at a price equal to 99.436% of the principal amount

$500 million in amount of 5.300% notes due 2044 at a price equal to 97.436% of the principal amount.

This transaction is of strategic and long-term importance for SES. The Company is very pleased to have now two established transactions in the largest capital market in the world.

The notes will be senior unsecured obligations of SES Americas and will rank pari passu with all of SES Americas’ other unsecured senior indebtedness. The notes will be unconditionally and irrevocably guaranteed by SES. The guarantee is an unsecured and unsubordinated obligation of SES and will rank pari passu with all of the other present or future unsecured and unsubordinated obligations of SES. The Group intends to use the net proceeds from the offering to refinance existing debt and for general corporate purposes. The issuance of the notes in U.S. dollars also enables SES to diversify its bond investor base and to increase the average maturity of its debt.

The notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. No public offering of securities will be made in the United States of America or in any other jurisdiction where such an offering is restricted or prohibited. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Directive 2010/73/EU of the Parliament and Council of November 4, 2003 as implemented by the Member States of the European Economic Area (the “Prospectus Directive”). With respect to the member States of the European Economic Area which have implemented the Prospectus Directive (each, a “relevant member State”), no action has been undertaken or will be undertaken to make an offer to the public of the notes requiring a publication of a prospectus in any relevant member State. As a result, the notes may only be offered in relevant member States: (a) to qualified investors (as defined in the Prospectus Directive, including as amended by directive 2010/73/EU, to the extent that this amendment has been implemented by the relevant member State); or (b) in any other circumstances, not requiring the issuer to publish a prospectus as provided under article 3(2) of the Prospectus Directive.

With respect to the United Kingdom, this press release is only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Any notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

About SES

SES is a world-leading satellite operator with a fleet of 55 geostationary satellites. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators and business and governmental organisations worldwide.

SES stands for long-lasting business relationships, high-quality service and excellence in the broadcasting industry. The culturally diverse regional teams of SES are located around the globe and work closely with customers to meet their specific satellite bandwidth and service requirements.

SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) holds participations in Ciel in Canada and QuetzSat in Mexico, as well as a strategic participation in satellite infrastructure start-up O3b Networks.

Written on 18 Mar 2014