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LUXEMBOURG - SES, a satellite operator, announced Tuesday that Morgan Stanley & Co (NYSE:MS). International plc will act as Coordinating Stabilization Manager for the company’s upcoming euro-denominated guaranteed notes offering.
The securities include fixed-rate guaranteed notes due in 2030 and 2033, with SES Americom, Inc. serving as guarantor. The aggregate nominal amount and offer prices are yet to be confirmed, according to the company’s press release statement.
The stabilization period is expected to begin immediately and end no later than July 24, 2025. During this period, the stabilization managers may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The stabilization trading venue will be the Luxembourg Stock Exchange’s Regulated Market. In addition to Morgan Stanley, other stabilization managers include Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, Goldman Sachs International, ING Bank N.V. (Belgian Branch), J.P. Morgan Securities plc, and Société Générale (EPA:SOGN).
The announcement specifies that the securities have not been and will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption.
The offering is directed at qualified investors in the European Economic Area and the United Kingdom (TADAWUL:4280) as defined by applicable regulations, with specific restrictions applying to different jurisdictions.
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