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Telesat Raises US$120M Loan as December 2026 Debt Doubts Surface

Telesat logoTelesat
Sig3.55Sen-6.20Env0.00Soc0.00Gov-1.20

Telesat took out a US$120 million loan as it faces debt payments due in December 2026, according to a company filing. The satellite operator said there is substantial doubt about its ability to meet those obligations as they come due, while noting management believes current debts will be handled to keep Telesat GEO operating as a going concern. Shares fell 13% on the news.

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