Telesat Lightspeed government loans (Canada and Quebec)
- Issuer or borrower
- Telesat
- Date
- 13 Sep 2024
- Amount
- C$2.54bn
- US$ equivalent
- US$1.9bn
- Type
- Government finance
- Structure
- C$2.14bn Government of Canada loan and C$400m Government of Quebec loan to Telesat LEO
- Pricing
- CORRA + 4.75%, 15 years; interest paid in kind during construction, then 10-year sculpted amortisation
- Country
- Canada
Sources
- Telesat: completes $2.54 billion funding agreements for Telesat Lightspeed telesat.com · 13 Sep 2024
Checked against the documents above. Record ORB-2024-0007.
Other financings by Telesat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Nov 2019 | Telesat Canada 2019 refinancing | Bank facility | US$2.51bn |
