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Telesat to redeem all $217 million of 12½% senior subordinated notes
By Tali David
Minneapolis, March 28 - Telesat Holdings Inc. subsidiaries Telesat Canada and Telesat LLC plan to redeem all $217 million of the 12½% senior subordinated notes due 2017, according to a press release.
The notes will be redeemed at 106.25 on May 1.
Telesat is a fixed satellite services operator based in Ottawa.
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