OTTAWA, CANADA, April 13, 2021 – Telesat Canada (“Telesat”) today announced the pricing of an offering (the “Offering”) of US$500 million aggregate principal amount of 5.625% senior secured notes due 2026 (the “Senior Secured Notes”) by Telesat and Telesat LLC. The Senior Secured Notes will be secured by a first priority lien on the collateral that secures Telesat’s existing credit agreement and existing 4.875% senior secured notes due 2027. The Senior Secured Notes are expected to be issued on or around April 27, 2021, subject to customary closing conditions.

OTTAWA, CANADA, April 13, 2021 – Telesat Canada (“Telesat”) today announced that, together with Telesat LLC, as co-issuer, it intends to issue US$500 million of senior secured notes due 2026 (the “Senior Secured Notes”) secured by a first priority lien on the collateral that secures Telesat’s existing credit agreement and existing 4.875% senior secured notes due 2027.

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