Cains’ Banking and Finance team recently advised longstanding client, Telesat Group (Telesat), with regards to all Isle of Man law aspects of its USD $400 million Secured Notes Offering and Credit Facility Refinancing of USD $2.109 billion in aggregate.

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers.

Headquartered in Ottawa, Canada, with offices and facilities around the world, the company’s state-of-the-art fleet consists of 16 GEO satellites, the Canadian payload on ViaSat-1 and one Phase 1 LEO satellite which is the start of Telesat’s planned advanced global LEO satellite constellation that will offer ultra-low latency, extremely high throughput, affordable broadband services.

Telesat were also advised by its US counsel Wachtell, Lipton, Rosen & Katz and UK counsel Allen & Overy.

Directors Steven Quayle and Mike Edwards led the Cains team, with associate Kirsten Middleton assisting the transaction.

Steven Quayle, Director of Cains said: “We are delighted to have been able to assist our long-standing and valued client Telesat. Cains has an exceptional reputation for corporate and finance work and to have been selected to advise on this significant transaction demonstrates the recognition of our strength and expertise.”