SES Completes Financing Deal
[Satellite Today – 5-21-08] SES has completed the closing and signing of a 550 million euro ($857.5 million) revolving credit facility, the company announced May 20.
The facility closed oversubscribed and has been increased from a launch amount of 350 million euros ($545.7 million). The facility, which was arranged by ABN AMRO Bank N.V., the Bank of Tokyo Mitsubishi UFJ Ltd., BNP Paribas and Fortis Bank S.A./N.V., is for general corporate purposes.
“We are pleased to have secured this facility and to have extended our funding alternatives,” Mark Rigolle, CFO of SES, said in a statement. “The successful conclusion of this syndicated loan reflects SES’s position as an investment grade credit and underlines our ability to secure funding on attractive terms, even in the current credit environment.”