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-Telesat Canada closes private placement of 6.0% senior notes.

TELECOMWORLDWIRE-October 30, 2012--Telesat Canada closes private placement of 6.0% senior notes(C)1994-2012 M2 COMMUNICATIONS http://www.m2.com

Telesat Holdings Inc. subsidiary Telesat Canada issued $200 million in aggregate principal amount of additional 6.0% senior notes due 2017.

The additional senior notes are fungible with Telesat's previously issued 6.0% senior notes due 2017 and form a single class under the indenture, dated May 14, 2012 (the "Indenture). Following the closing, Telesat has $900 million of senior notes outstanding under the Indenture.

Privately held, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL).

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Publication:Telecomworldwire
Geographic Code:1CANA
Date:Oct 30, 2012
Words:116
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