Telesat Canada announces closing of its notes offering
RSCC

Telesat Canada announces closing of its notes offering

October 14, 2019

Telesat Canada today issued US$550 million in aggregate principal amount of 6.500% senior notes due 2027, which will mature on October 15, 2027, pursuant to an indenture, dated as of October 11, 2019, by and among Telesat and Telesat LLC, as co-issuer, the guarantors named therein, and The Bank of New York Mellon, as trustee. This represented a US$50 million increase from the proposed offering size previously announced by Telesat.

 

Telesat used the net proceeds from the Notes Offering, together with cash on hand, to redeem its US$500 million aggregate principal amount outstanding of 8.875% senior notes due November 15, 2024 and pay related premium, fees and expenses. 

 

The Senior Notes were offered only to qualified institutional buyers in reliance on Rule

144A under the Securities Act of 1933, as amended, and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act.  The Senior Notes were not, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or other applicable securities laws.

Share on Twitter
Please reload

Walton De-Ice

CONNECT WITH US: ...marketing made simple... 

© 2020 DS AIR Limited. Satellite Evolution Group is a wholly-owned subsidiary of DS Air Limited. United Kingdom

Email: admin@dsairpublications.com

RSS Feed