|
Global satellite operator SES S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG) announces that it has secured a EUR 522,889,400 export credit funding facility guaranteed by Coface, France’s export credit agency. The purpose of the facility is to finance four new satellites (designated ASTRA 2E, ASTRA 2F, ASTRA 2G and ASTRA 5B) for which the procurement contract with Astrium was signed November 30th, 2009. The facility has been arranged by BNP Paribas and Société Générale as Mandated Lead Arrangers and ING Belgium SA as Arranger. The whole facility is guaranteed by Coface and will mature in 2022. SES is currently rated BBB by Standard & Poor’s and Fitch and Baa2 by Moody’s and is committed to maintaining its investment grade rating. States Mark Rigolle, Chief Financial Officer of...
|