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| Telesat takes out US$120 million loan as debt payment loom, shares fall 13%
Telesat takes out US$120 million loan as debt payment loom, shares fall 13%
13th Aug 2026 | 09:55pm
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Telesat Corp.
, the biggest Canadian-based
satellite operator
, took out a US$120 million term loan this month as it prepares to deal with more than US$2 billion of
existing debt coming due
in the near future.
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