Telesat Canada, a subsidiary of Telesat Holdings, closed a new amended and restated credit agreement consisting of a term loan of $2.43 billion and a revolving credit facility of up to $200 million. JPMorgan acted as administrative agent and collateral agent.

Canadian Imperial Bank of Commerce, BMO Capital Markets, RBC Capital Markets and TD Securities acted as joint lead arrangers and bookrunners for the revolving facility. JPMorgan, Credit Suisse Securities, Goldman Sachs Bank and Morgan Stanley Senior Funding acted as co-arrangers for the revolving facility.

JPMorgan, Credit Suisse, Goldman Sachs and Morgan Stanley acted as joint lead arrangers and bookrunners for the term loan B facility.

Ottawa-based Telesat is a global satellite operator, providing satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers.