{"id":83332,"date":"2012-03-30T21:10:56","date_gmt":"2012-03-30T13:10:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/telesat-closes-2-5-billion-debt-refinancing-agreement\/"},"modified":"2012-03-30T21:10:56","modified_gmt":"2012-03-30T13:10:56","slug":"telesat-closes-2-5-billion-debt-refinancing-agreement","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/telesat-closes-2-5-billion-debt-refinancing-agreement\/","title":{"rendered":"Telesat Closes $2.5 Billion Debt Refinancing Agreement"},"content":{"rendered":"<p>[03-30-12] <b>Telesat<\/b> has entered into a new financing agreement with a <b>JP Morgan Chase Bank<\/b>-led consortium that provides a $2.5 billion extension of credit under various senior credit facilities, the operator confirmed March 29.<\/p>\n<p>&nbsp; &nbsp;The consortium includes financial institutions such as the <b>Canadian Imperial Bank of Commerce, Credit Suisse Securities, Morgan Stanley Senior Funding, UBS Securities<\/b> and <b>ING Bank of Canada<\/b>.<br \/>\n&nbsp; &nbsp;Telesat said the proceeds from the senior credit facilities would be used to refinance Telesat\u2019s outstanding debt of approximately $2.1 billion under its previous credit agreement, which has been terminated. The operator also plans to pay the accrued interest, closing costs and other third-party expenses related to the transaction.&nbsp;<br \/>\n&nbsp; &nbsp;Approximately $586 million of Telesat\u2019s debt balance has already been paid, with the majority of the balance to be paid off during the remainder of 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[03-30-12] Telesat has entered into a new financing agreement with a JP Morgan Chase Bank-led consortium that provides a $2.5 billion extension of credit under various senior credit facilities, the operator confirmed March 29. &nbsp; &nbsp;The consortium includes financial institutions such as the Canadian Imperial Bank of Commerce, Credit Suisse Securities, Morgan Stanley Senior Funding, [&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-83332","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83332"}],"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=83332"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83332\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=83332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=83332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=83332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}