---
title: "SES S.A. Cuts Hybrid Debt by €327 Million in March Tender Offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280808352.md"
description: "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."
datetime: "2026-03-27T14:16:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280808352.md)
  - [en](https://longbridge.com/en/news/280808352.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280808352.md)
---

# SES S.A. Cuts Hybrid Debt by €327 Million in March Tender Offer

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An announcement from SES S.A. ( (FR:SESG) ) is now available.

On 26 March 2026, SES S.A. announced the results of a cash tender offer for its €625 million deeply subordinated fixed rate resettable securities, originally launched on 11 March 2026 and extended to an expiration deadline of 25 March. The company operates in the satellite communications sector and actively manages its hybrid capital to optimise its balance sheet and funding costs.

SES received valid tenders totaling €326.984 million in principal, set the final acceptance amount at that level, and confirmed that all tendered notes will be purchased in full at 99.25% of principal plus accrued interest, with settlement expected on 27 March 2026. Following cancellation of the repurchased securities, €198.038 million will remain outstanding, indicating a significant reduction in this hybrid layer of SES’s capital structure and potentially lowering future interest expense while simplifying its debt profile for investors.

The most recent analyst rating on (FR:SESG) stock is a Hold with a EUR5.85 price target. To see the full list of analyst forecasts on SES S.A. stock, see the FR:SESG Stock Forecast page.

**More about SES S.A.**

SES S.A., based in Luxembourg, operates in the global satellite communications industry, providing satellite-based video and data connectivity services to broadcasters, governments, telecom operators and enterprise customers. The company issues and manages complex debt instruments, including deeply subordinated hybrid securities, as part of its capital structure and funding strategy.

**Average Trading Volume:** 579,917

**Technical Sentiment Signal:** Buy

**Current Market Cap:** €2.55B

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