If you own shares in Loral Space & Communications Inc. (NASDAQ:LORL) then it's worth thinking about how it contributes...
OTTAWA, Oct. 29, 2019 -- Telesat has scheduled a conference call on Tuesday, November 5, 2019, at 10:30 a.m. ET to discuss its financial results for the three and nine month.
OTTAWA, Nov. 05, 2019 -- Telesat today announced its financial results for the three and nine-month periods ended September 30, 2019. All amounts are in Canadian dollars and.
Welcome to the conference call to report the First Quarter 2020 Financial Results for Telesat. Earlier today, we issued a news release containing Telesat's consolidated financial results for the three-month period ended March 31, 2020.
OTTAWA, April 30, 2020 -- Telesat today announced its financial results for the three-month period ended March 31, 2020. All amounts are in Canadian dollars and reported under.
OTTAWA, Feb. 27, 2020 -- Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2019. All amounts are in Canadian dollars and.
Moody's Investor's Service ("Moody's") affirmed Telesat Canada's ("Telesat") B1 corporate family rating (CFR), B1-PD probability of default rating and B3 rating on its $550 million senior unsecured notes, and assigned Ba3 ratings to the company's proposed $200 million senior secured revolving credit facility, $1.8 billion senior secured term loan B and $500 million senior secured notes, with Telesat LLC as a co-issuer. The company plans to use the proceeds from the new notes and term loan to repay the amount outstanding under its existing senior secured term loan B. The Ba3 ratings on its existing senior secured term loan B and senior secured revolving credit facility will be withdrawn when the refinance transaction closes.
Telesat Canada (“Telesat”) today announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the secured parties and the other financial institutions party thereto (such agreement, as amended prior to the date hereof, the “Existing Credit Agreement”). The proposed amendment would extend the maturity of the Term Loan B facility and the Revolving facility under the Existing Credit Agreement, as well as make certain other amendments. As of September 30, 2019, the Borrowers had approximately US$2.308 billion outstanding under the Term Loan B facility and up to US$200 million available under the Revolving facility.
Telesat announced today that Andrew Browne, one of the industry’s most experienced executives, has been appointed the company’s Chief Financial Officer (CFO). Reporting to President and CEO, Dan Goldberg, Andrew will serve on Telesat’s Executive Management Team and be based in the company’s headquarters in Ottawa. Mr. Browne has had a long and distinguished career in the satellite industry.
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Telesat has scheduled a conference call on Thursday, April 30, 2020, at 10:30 a.m. ET to discuss its financial results for the three month period ended March 31, 2020. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab “Investor Relations” and the heading “News”.
Telesat Canada (“Telesat”) today announced the pricing of an offering of US$400 million aggregate principal amount of 4.875% senior secured notes due 2027 (the “Senior Secured Notes”) by Telesat and Telesat LLC. This represents a US$100 million decrease from the proposed offering size previously announced by Telesat, which is expected to be reallocated to the amended Term B Loan facility referred to below. The Senior Secured Notes will be secured by a first priority lien on the collateral that secures the Existing Credit Agreement (as defined below). The Senior Secured Notes are expected to be issued on or around December 6, 2019, subject to customary closing conditions.
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Telesat has scheduled a conference call on Thursday, February 27, 2020, at 10:30 a.m. ET to discuss its financial results for the three month and one-year periods ended December 31, 2019. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the call, Telesat will post a news release containing its financial results on its website (www.telesat.com) under the tab “Investor Relations” and the heading “News”.
Telesat, one of the largest and most successful global satellite operators, has joined a group of tech firms led by Mississippi-based C Spire working to bridge the "digital divide" and help solve the rural broadband access and adoption problem.
SES, S.A. and Telesat, as founding members of the C Band Alliance, today congratulate Chairman Ajit Pai and the Commission on the adoption of the C-band Report and Order. SES and Telesat look forward to reviewing the Commission’s order in detail and working with the FCC and all stakeholders to accomplish an efficient and expeditious transition of the C-band while protecting critical satellite services. SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world.
On Friday, December 6, 2019, Telesat Canada (“Telesat”) issued US$400 million in aggregate principal amount of 4.875% senior secured notes due 2027 (the “Senior Secured Notes”), which will mature on June 1, 2027, pursuant to an indenture, dated as of December 6, 2019, by and among Telesat and Telesat LLC, as co-issuer, the guarantors named therein, and The Bank of New York Mellon, as trustee and notes collateral agent and the other collateral agents party thereto (the “Notes Offering”). Concurrently with the consummation of the offering of Senior Secured Notes, Telesat announced its entry into an amendment to its senior secured credit agreement. The amended credit agreement provides for a new term loan facility of US$1.909 billion and a new revolving credit facility with commitments ofUS$200 million (together, the “Senior Credit Facilities”), which replaced the existing term loan and revolving facilities.
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