{"id":81250,"date":"2013-04-02T20:29:33","date_gmt":"2013-04-02T12:29:33","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/telesat-holdings-re-prices-and-amends-its-credit-agreement\/"},"modified":"2013-04-02T20:29:33","modified_gmt":"2013-04-02T12:29:33","slug":"telesat-holdings-re-prices-and-amends-its-credit-agreement","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/telesat-holdings-re-prices-and-amends-its-credit-agreement\/","title":{"rendered":"Telesat Holdings Re-Prices and Amends Its Credit Agreement"},"content":{"rendered":"<p>[Satellite TODAY 04-02-13] <strong>Telesat Holdings <\/strong>has announced the execution of its previously stated amendment to its existing Credit Agreement, dated March 28, 2012, among its wholly-owned subsidiaries, <strong>Telesat Canada<\/strong> and <strong>Telesat LLC<\/strong>, as borrowers, and&nbsp;<strong>JP Morgan Chase Bank<\/strong>, as administrative agent, and the other financial institutions party thereto.<br \/>\n&nbsp;&nbsp;&nbsp; The amendment effectively re-prices the borrowers\u2019 Term Loan B facility under the Credit Agreement, converts a portion of the Term Loan B facility from Canadian Dollars to U.S. Dollars, allows the borrowers to incur additional debt under the Credit Agreement or otherwise if the first lien leverage ratio is less than or equal to 4.25:1.00 (which represents a change from the 4:00:1.00 senior secured leverage ratio in the Credit Agreement) and makes certain other changes.<\/p>\n<p>&nbsp; &nbsp; The borrowers have received the lender consents required under the Credit Agreement in connection with the execution of today\u2019s amendment. Giving effect to the amendment, the borrowers have approximately US$1,746 million and approximately CND$140 million outstanding under the Term Loan B facilities.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Satellite TODAY 04-02-13] Telesat Holdings has announced the execution of its previously stated amendment to its existing Credit Agreement, dated March 28, 2012, among its wholly-owned subsidiaries, Telesat Canada and Telesat LLC, as borrowers, and&nbsp;JP Morgan Chase Bank, as administrative agent, and the other financial institutions party thereto. &nbsp;&nbsp;&nbsp; The amendment effectively re-prices the borrowers\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-81250","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81250"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=81250"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81250\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=81250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=81250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=81250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}