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SES Global Gets $1 Billion In Financing

By | October 6, 2003

      Luxembourg-based satellite operator SES Global [Luxembourg: SESG] has closed a private placement of more than $1 billion with a group of 29 investors. The satellite service operator’s advisors to the transaction were Barclays Capital and HSBC Securities. Jurgen Schulte, CFO of SES Global, said this was the first time that the company had tapped the U.S. debt capital markets. “Through this landmark transaction, the group improves its financial position and builds a strong basis for the company’s future development.” SES Astra and SES Americom are the operating companies of SES Global.

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