SES renews €1.2 billion five-year committed multi-currency revolver

By Sarah Lizee

Olympia, Wash., June 27 – SES SA renewed its €1.2 billion five-year committed multi-currency revolving credit facility.

“Following strong support from existing lenders, the facility was considerably oversubscribed having received a high level of early bird commitments from a number of banks,” the company said in a press release.

Interest is Euribor plus 40 basis points for a Baa2/BBB rating and is 5 bps inside the pricing of the former syndicated and committed credit facility closed in January 2014.

There is an option to extend the revolver until 2026.

The facility was coordinated by BNP Paribas, Commerzbank AG Luxembourg Branch, Mizuho Bank Europe NV and Societe Generale.

The syndicate also includes Agricultural Bank of China Luxembourg Branch, Bank of China Ltd., Luxembourg Branch, Banco Bilbao Vizcaya Argentaria, SA, London Branch, Banque Et Caisse D'epargne De L'etat, Luxembourg, BNP Paribas Fortis SA/NV, Deutsche Bank Luxembourg SA, Goldman Sachs Bank USA, Landesbank Hessen-Thüringen Girozentrale, HSBC Bank plc, ING Luxembourg SA, Intesa Sanpaolo Bank Luxembourg SA – Amsterdam Branch, J.P. Morgan Securities plc, Landesbank Baden-Württemberg, MUFG Bank, Ltd., NatWest Markets plc and Sumitomo Mitsui Banking Corp.

SES is a Luxembourg-based satellite operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.