Telesat faces showdown with American creditors over debt
Telesat Corp. faces a debt deadline of US$1.71B on Dec. 6, with another US$438M due in 2027. Creditors propose a recapitalization plan, but no deal is finalized. Telesat's CFO says the company is exploring options. Analysts warn of a potential default. Telesat shares are up 70% this year, despite debt trading at distressed levels.




