[Satellite TODAY 04-02-13] Telesat Holdings has announced the execution of its previously stated amendment to its existing Credit Agreement, dated March 28, 2012, among its wholly-owned subsidiaries, Telesat Canada and Telesat LLC, as borrowers, and JP Morgan Chase Bank, as administrative agent, and the other financial institutions party thereto.

    The amendment effectively re-prices the borrowers’ Term Loan B facility under the Credit Agreement, converts a portion of the Term Loan B facility from Canadian Dollars to U.S. Dollars, allows the borrowers to incur additional debt under the Credit Agreement or otherwise if the first lien leverage ratio is less than or equal to 4.25:1.00 (which represents a change from the 4:00:1.00 senior secured leverage ratio in the Credit Agreement) and makes certain other changes.