SES announces the successful syndication of a €3 billion financing package to support its acquisition of Intelsat, consisting of a €2.1 billion bridge facility and a $1 billion term loan.

The Luxembourg-based satellite operator says this financing, which was largely oversubscribed commitments, was syndicated to a mix of existing and new international relationship banks.

SES adds that it has extended an existing €1.2 billion revolving credit facility (signed in June 2019) for a further two years, until June 2028, with a mix of 19 financial institutions.

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