Telesat Lenders Propose C$2.3 Billion Rescue Deal to Avert Default

Key Facts

1Telesat lenders have proposed a C$2.3 billion rescue deal according to a Wall Street Journal report.

Telesat lenders have proposed a C$2.3 billion rescue deal according to a Wall Street Journal report. The proposal aims to assist the satellite operator in paying down upcoming debt maturities and averting a potential default, as creditors seek to provide a path for the company to maintain its operations.

TSAT closed at $44.96 on October 16, 2026, with the stock reaching a session high of $46.85 and a low of $44.76. These developments coincide with Canadian economic data released on October 19, 2026, which showed the annual inflation rate reaching 3.1%.