Diversified Telecommunication Services
Company Overview of Telesat Canada
Company Overview
1601 Telesat Court
Ottawa, ON K1B 5P4
Canada
Founded in 1969
434 Employees
Key Executives for Telesat Canada
Telesat Canada Key Developments
Telesat Holdings announced that its wholly-owned subsidiaries, Telesat Canada and Telesat LLC, have completed the redemption of all of their outstanding 12.5% Senior Subordinated Notes due 2017 issued under an indenture dated as of June 30, 2008. The total aggregate redemption price paid in respect of the $217.1 million principal amount of Senior Subordinated Notes that remained outstanding was approximately $230.7 million, including approximately $13.6 million in respect of the 6.25% call premium.
On April 2, 2013, Telesat Holdings Inc. announced the execution of its previous amendment to its existing credit agreement, dated March 28, 2012, among its wholly-owned subsidiaries, Telesat Canada and Telesat LLC, as borrowers, JP Morgan Chase Bank, N.A., as administrative agent, and the other financial institutions party thereto. The amendment effectively re-prices the borrowers’ term loan B facility under the credit agreement, converts a portion of the term loan B facility from Canadian Dollars to U.S. Dollars, allows the borrowers to incur additional debt under the credit agreement. The borrowers have received the lender consents required under the credit agreement in connection with the execution of amendment. Giving effect to the amendment, the borrowers have approximately USD 1,746 million and approximately CND 140 million outstanding under the term loan B facilities.
Telesat Holdings Inc. announced the execution of its previously announced amendment to its existing credit agreement, dated March 28, 2012, among its wholly-owned subsidiaries, Telesat Canada and Telesat LLC, as borrowers, JP Morgan Chase Bank, N.A., as administrative agent, and the other financial institutions party thereto. The amendment effectively re-prices the Borrowers' Term Loan B facility under the Credit Agreement, converts a portion of the Term Loan B facility from Canadian Dollars to U.S. Dollars, allows the Borrowers to incur additional debt under the Credit Agreement or otherwise if the first lien leverage ratio is less than or equal to 4.25:1.00 and makes certain other changes.
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To contact Telesat Canada, please visit www.telesat.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.
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