{"id":176136,"date":"2024-06-25T12:43:09","date_gmt":"2024-06-25T11:43:09","guid":{"rendered":"https:\/\/www.aviationbusinessnews.com\/?p=176136"},"modified":"2024-06-25T12:43:09","modified_gmt":"2024-06-25T11:43:09","slug":"ses-raises-3bn-to-acquire-intelsat","status":"publish","type":"post","link":"https:\/\/www.aviationbusinessnews.com\/cabin\/ses-raises-3bn-to-acquire-intelsat\/","title":{"rendered":"SES raises $3bn to acquire Intelsat"},"content":{"rendered":"

SES S.A. has announced the successful syndication of a \u20ac3 billion equivalent acquisition financing package to support the earlier announced agreement<\/a> for SES to acquire Intelsat S.A.<\/p>\n

Prior to the Intelsat deal announcement, Deutsche Bank AG and Morgan Stanley jointly had underwritten a \u20ac3 billion bridge facility to support SES\u2019s financing requirements as part of the agreement to acquire Intelsat. This \u20ac3 billion bridge facility has been successfully syndicated now, with a highly oversubscribed level of commitments, to an international group of existing relationship and new banks in the form of a \u20ac2.1 billion bridge facility and US$1 billion term loan. The term loan was upsized in syndication on the back of a strong response from the bank group.<\/p>\n

READ:\u00a0SES to acquire Intelsat in $3.1bn deal<\/a><\/strong><\/p>\n

Sandeep Jalan, Chief Financial Officer of SES, said, \u201cWe are delighted to have received overwhelming support of our banking partners in the financing of this important and transformational transaction for SES. The bridge facility provides SES with financing flexibility from a capital markets issuance perspective while the term loan serves as a source of long-term financing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

SES S.A.<\/p>\n","protected":false},"author":123,"featured_media":164522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,44,1131],"tags":[1009,2365,4261],"class_list":["post-176136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabin","category-ife-connectivity","category-industry-news","tag-acquisition","tag-intelsat","tag-ses"],"yoast_head":"\nSES raises $3bn to acquire Intelsat - Aviation Business News<\/title>\n<meta name=\"description\" content=\"SES raises $3bn to acquire Intelsat - SES S.A. has announced the successful syndication of a \u20ac3 billion equivalent acquisition financing package to support the earlier announced agreement for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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