Telesat US$550m 6.500% senior notes due 2027
Redeem the US$500m 8.875% senior notes due 2024
Key terms
- Borrower or issuer
- Telesat
- Date
- 27 Sep 2019
- Type
- Bond
- Amount
- US$550m
- Pricing
- 6.500%, issued at par
- Maturity
- 2027
Recorded terms
- Structure
- US$550m 6.500% senior notes due 2027, upsized by US$50m, issued by Telesat Canada and Telesat LLC under Rule 144A and Regulation S
- Country
- Canada
Parties
- Telesat borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 4 Nov 2019 | SES €500m 0.875% notes due 2027 | Bond | €500m |
| 18 Nov 2019 | Maxar Technologies US$1,000m 9.75% senior notes due 2023 | Bond | US$1bn |
| 7 Jun 2019 | Intelsat US$400m 9.750% senior notes due 2025 | Bond | US$400m |
| 6 Jun 2019 | Eutelsat €600m 2.25% bond due 2027 | Bond | €600m |
| 20 Mar 2019 | Viasat US$600m 5.625% senior notes due 2027 | Bond | US$600m |
More from Telesat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Sep 2024 | Telesat Lightspeed government loans (Canada and Quebec) | Government finance | C$2.54bn |
| 22 Nov 2019 | Telesat Canada 2019 refinancing | Bank facility | US$2.51bn |
| 17 Nov 2016 | Telesat US$2.63bn senior secured credit facilities (2016) | Bank facility | US$2.63bn |
| 17 Nov 2016 | Telesat US$500m 8.875% senior notes due 2024 | Bond | US$500m |
M&A and investment involving Telesat
| Date | Deal | Type | Value |
|---|---|---|---|
| 19 Nov 2021 | Telesat and Loral combination (Telesat Corporation) | M&A | Not disclosed |
Sources
- Telesat Form 6-K: pricing and upsizing of notes offering sec.gov · 27 Sep 2019
About this record
Record ORB-2019-0012, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
