'Telesat Lenders Propose C$2.3 Billion Rescue Deal To Avert December Default; Telesat Equity Holders MHR, PSP To Be Invited To Participate; Proposal Includes Fresh Equity And Debt To Pay Down Upcoming Debt, Sources Say' - WSJ Exclusive

Telesat's lenders have proposed a C$2.3 billion rescue deal to prevent a default in December. The proposal includes fresh equity and debt aimed at paying down upcoming obligations, with equity holders MHR and PSP invited to participate. This move comes as Telesat faces significant financial pressures and seeks to stabilize its operations.