SES, a provider of global content connectivity solutions, entered into a €300 million ($318.2 million) term loan with the European Investment Bank. The loan agreement provides for an availability period of 18 months during which SES can draw under the loan in multiple tranches, subject to fulfilling the common conditions precedent. Any given tranche can be priced based on a fixed or floating rate, with a tenor of up to seven years.
SES is rated Baa2 with a negative outlook by Moody’s and BBB with a stable outlook by Fitch.
