Georgia Spaceport Setback

Camden County’s plan to build a spaceport has suffered a potentially fatal blow as the Georgia Supreme Court ruled that citizen initiated referendum rejecting the plan was constitutional. The Associated Press reports:

LUXEMBOURG, 7 June 2022 (SES PR) – SES S.A. today announced the successful launch and pricing of a bond offering in which the company has agreed to sell senior unsecured fixed rate notes due in 2029 for a total amount of EUR 750 million [US $789 million]. The new notes will bear a coupon of 3.50% and were priced at 99.725% of their nominal value, representing a credit spread of 175bps and a yield-to-maturity of 3.55%.

SES is rated Baa2, negative outlook by Moody’s and BBB, stable outlook by Fitch. Proceeds of the issuance will be used for general corporate purposes, which include the refinancing of existing debt.