SES announced the successful closing and signing of a renewal of the EUR 1,200,000,000 revolving credit facility. Following strong support from new and existing banks, the facility closed considerably oversubscribed having a significant element of scale back for the committed banks. The facility is for general corporate purposes and has been structured as a five year multicurrency revolving credit facility with two one year extension options at the discretion of the lenders.

The margin is linked to a ratings grid and at the current rating of BBB /Baa2 the margin is 45bps p.a. (replacing the former syndicated and committed credit line with a margin of 95bps p.a.).