SES Signs EUR 1,200,000,000 Revolving Credit Facility

3 September 2010

SES S.A., has signed an amendment of its April 2009 revolving credit facility in an amount of EUR 1,200,000,000, while at the same time pushing the maturity of the facility out to April 2015.

The transaction received a very positive reception from the banks invited, according to SES. With existing lenders stepping up and new banks joining, the deal closed substantially oversubscribed from the initial launch amount of EUR 1,000,000,000. Therefore, SES decided to increase the targeted facility amount and use the remainder of the oversubscription to scale the banks’ commitments back. After very successful debt capital markets transactions in 2009 and 2010, the amended facility will serve as a liquidity back-up and be available for general corporate purposes

The facility pays a margin of 95bps. Utilisation Fee is 25bps for utilisations of 33% and 50bps for utilisations above 67% of the facility amount. The commitment fee is 35% of the applicable margin. Deutsche Bank AG and The Royal Bank of Scotland NV acted as coordinators and active bookrunners.

The bank group is as follows:

Bookrunners and Mandated Lead Arrangers

Banco Bilbao Vizcaya Argentaria, S.A., Banque et Caisse d’Epargne de L’Etat, Luxembourg, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Commerzbank Aktiengesellschaft, Deutsche Bank AG, The Royal Bank of Scotland NV, and Société Générale Corporate & Investment Banking

Mandated Lead Arrangers

Bank of America Securities Limited, BGL BNP Paribas, Credit Suisse, London Branch, DNB NOR Bank ASA, ING Bank N.V., JP Morgan Chase Bank NA, Mizuho Corporate Bank Nederland N.V., Sumitomo Mitsui Banking Corporation

Lead Arrangers

Banque LBLux S.A., Barclays Capital, Crédit Agricole CIB, Landesbank Hessen-Thüringen Girozentrale

Arrangers

Deutsche Postbank International S.A., Goldman Sachs Bank USA, Intesa Sanpaolo S.P.A.