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via seekingalpha.comCapital Markets

Telesat lenders propose C$2.3 billion rescue deal

FROM THE WIRE · SEEKINGALPHA.COM

[Two satellite dishes At sunset, silhouette] Telesat (TSAT [https://seekingalpha.com/symbol/TSAT]) creditors proposed a C$2.3 billion ($1.63 billion) deal to help the telecom firm pay down an upcoming debt maturity and avert a default. Term lenders to the satellite provider have…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe plan to avoid a default on upcoming debt matters for the stock and creditors, but concerns a single company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Term lenders propose a C$2.3 billion deal, about 1.63 billion dollars.
  2. 02The deal involves new equity and debt to repay the upcoming loan.
  3. 03Equity holders, including MHR Fund Management and PSP Investments, will be invited to participate.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Telesat CorporationTSATStock44.88 USDMarket closedtoday -0.18%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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