SES GLOBAL completes US$ 1BN private placement: "Largest US private placement"
SES GLOBAL S.A. (Luxembourg and Frankfurt Stock Exchanges: SESG), the world's leading fixed satellite services operator, is pleased to announce that the Company has closed a private placement of over US$1bn with a group of 29 US and international investors.
The transaction comprises three tranches for a total amount of US$ 1bn with an additional £ 28m sterling tranche and features final maturities of 10 and 12 years. SES GLOBAL's advisors to the transaction were Barclays Capital Inc. and HSBC Securities (USA) Inc.
Jürgen Schulte, Chief Financial Officer of SES GLOBAL, states: "This was the first time SES GLOBAL tapped the US debt capital markets. The combination of leading market positions in Europe and the USA underscored by the largest contract backlog in the industry convinced investors. Through this 'landmark transaction' the group improves its financial position and builds a strong basis for the Company's future development".
Walter Dilewyns, Group Treasurer of SES GLOBAL, adds: " With this issue - said to be "a new record" for the amount raised in a US private placement - SES GLOBAL achieves significant progress in its ongoing refinancing efforts. We were able to diversify our funding base and to lengthen the maturity profile of our debt. The funds raised will be used to retire a substantial part of the syndicated bank loan contracted in the US currency at the time of the GE AMERICOM acquisition."
For further information please contact:
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Mark Roberts Investor Relations Tel. +352 710 725 490 Mark.Roberts@ses-global.com |
Yves Feltes Press Relations Tel. +352 710 725 311 Yves.Feltes@ses-astra.com |
About SES GLOBAL
SES GLOBAL, the world's premier satellite company, was born out of the combination of ASTRA, Europe's leading provider of satellite capacity for direct-to-home reception, and AMERICOM, one of America's leading Fixed Satellite Services operators. SES ASTRA and SES AMERICOM are the operating companies of SES GLOBAL. The Company also owns strategic holdings in first-class regional satellite service providers, which are SES GLOBAL partner companies, including AsiaSat and AMERICOM ASIA-PACIFIC in Asia, Star One and Nahuelsat in Latin America, and NSAB in Europe. Approximately 95 percent of the world's population live within the footprints of the SES GLOBAL satellite network comprising 41 satellites covering the globe. In addition, SES GLOBAL is a shareholder in satellite technology companies SATLYNX, Gilat Satellite Networks Ltd. and ND Satcom. SES GLOBAL shares are listed on the stock exchanges in Luxembourg and Frankfurt (SESG). Additional information is available on our website www.ses-global.com.