Company

'Telesat Lenders Propose C$2.3 Billion Rescue Deal To Avert December Default; Telesat Equity Holders MHR, PSP To Be Invited To Participate; Proposal Includes Fresh Equity And Debt To Pay Down Upcoming Debt, Sources Say' - WSJ Exclusive

Oct 19, 2026 · 03:32 PM ET· updated 2h ago

https://www.wsj.com/pro/bankruptcy/telesat-lenders-propose-c-2-3-billion-rescue-deal-to-avert-december-default-0564d745?mod=Searchresults&pos=1&page=1

Why It Matters

Telesat's lenders are offering money to help the company avoid running out of cash in December. When lenders step in like this, it means the company is in trouble but might get a second chance.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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