SES Announces Final Results of Its Cash Tender Offer

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Postmedia has not reviewed the content. by Business Wire SES Announces Final Results of Its Cash Tender OfferAuthor of the article:LUXEMBOURG — THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT)) OR IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis advertisement has not loaded yet, but your article continues below.SES (the “Offeror”) announces today the final results and pricing of its invitation to holders of its outstanding €500,000,000 0.875 per cent. Guaranteed Notes due 4 November 2027 (ISIN: XS2075811781) (the “Notes”) to tender their Notes for purchase by the Offeror for cash up to the Maximum Acceptance Amount subject to the satisfaction (or waiver) of the New Issue Condition (such invitation, the “Offer”).Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Offer was announced on 28 September 2026 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 28 September 2026 (the “Tender Offer Memorandum”) prepared by the Offeror. Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Tender Offer Memorandum. An indicative results announcement was made earlier today (the “Indicative Results Announcement”).The Expiration Deadline for the Offer was 5.00 p.m. (CEST) on 2 October 2026.As announced in the Indicative Results Announcement, the Offeror has received valid tenders of €363,397,000 in aggregate principal amount of the Notes for purchase pursuant to the Offer.The Offeror announces that it has decided to set the Final Acceptance Amount at €363,397,000. The Offeror therefore announces that it will accept for purchase all Notes validly tendered pursuant to the Offer in full, with no pro rata scaling.Pricing for the Offer took place at or around 1.00 p.m. (CEST) today (the “Pricing Time”). A summary of the final results and pricing of the Offer is set out below:Description of the NotesISIN / Common CodeFinal Acceptance AmountInterpolated Mid-Swap RatePurchase YieldPurchase PriceScaling FactorAccrued Interest€500,000,000 0.875 per cent. Guaranteed Notes due 4 November 2027XS2075811781 / 207581178€363,397,0003.242 per cent.3.442 per cent.97.330 per cent.Not Applicable€8.08 per €1,000, subject to roundingPayment of the Purchase Price and Accrued Interest for the Notes accepted for purchase pursuant to the Offer is expected to take place on 7 October 2026, after which €136,603,000 in aggregate principal amount of the Notes will remain outstanding. The Offeror intends to cancel those Notes accepted for purchase pursuant to the Offer.Settlement of the Offer remains subject to the satisfaction (or waiver) of the New Issue Condition.BNP PARIBAS (Telephone: +33 1 55 77 78 94; Email: liability.management@bnpparibas.com; Attention: Liability Management Group), ING Bank N.V., Belgian Branch (Telephone: +44 20 7767 6784; Email: liability.management@ing.com; Attention: Liability Management Team), Landesbank Baden-Württemberg (Telephone: +49 711 127 76616; Email: liability_management_bond_origination@lbbw.de; Attention: Debt Capital Markets (4522/H)) and Mizuho Bank Europe N.V. (Telephone: +34 91 790 7559; Email: liabilitymanagement@uk.mizuho-sc.com; Attention: Liability Management).This advertisement has not loaded yet, but your article continues below.Kroll Issuer Services Limited (Telephone: +44 (0) 20 7704 0880; Attention: Scott Boswell; Email:) is acting as Tender Agent for the Offer.This announcement is released by SES and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Elisabeth Pataki (email: lisa.pataki@ses.com), Chief Financial Officer.This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.