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Firm News

Cahill Represents Financing Sources in Bank & Bond Transactions for Telesat

Date: 11/17/16

Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $500,000,000 aggregate principal amount of 8.875% Senior Notes due 2024 by Telesat Canada and Telesat LLC, a leading global fixed satellite services operator. Proceeds from the offering were used to refinance existing indebtedness and to pay a dividend.

Cahill also represented the administrative agent and lead arrangers in connection with the amendment and restatement of Telesat’s existing $2,430,000,000 Incremental Term B facility and $200,000,000 revolving credit agreement.