SES S.A. Cuts Hybrid Debt by €327 Million in March Tender Offer
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SES S.A. announced the results of a cash tender offer for its €625 million deeply subordinated fixed rate resettable securities, reducing its hybrid debt by €327 million. The offer, launched on 11 March 2026 and extended to 25 March, received valid tenders totaling €326.984 million. All tendered notes will be purchased at 99.25% of principal, with settlement expected on 27 March 2026. This reduction simplifies SES's debt profile and may lower future interest expenses. The current analyst rating for SES S.A. stock is a Hold with a price target of EUR5.85.
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