Largest Satellite Financing Canada

On July 26, 2000, Canadian Satellite Communications Inc. (Cancom) announced that it had established a new seven-year senior secured revolving credit facility of $400 million—the single largest satellite financing in Canadian history—with a syndicate of Canadian financial institutions co-lead by Toronto-Dominion Bank and Scotiabank. Cancom will use the net proceeds from the facility to finance the acquisition of additional satellite capacity in the Ku-band and Ka-band, the development of satellite-based Internet and interactive television offers, growth of Star-choice direct-to-home satellite television service, and general corporate purposes.

McCarthy Tétrault acted as counsel to the syndicate of financial institutions in structuring and completing the transaction. The McCarthy team was comprised of Barry J. Ryan, Gordon Baird, Rasha El Sissi, Justin Lapedus, Suzanne Murphy and Scot Diamond. Fraser Milner Casgrain represented Cancom in this transaction under the direction of Scott Gibson, Vice-President, Legal and Govermental Affairs of Cancom. The Fraser Milner Casgrain team was comprised of Thomas F. Pepevnak, Graham W. Jones, Andrew O.T. Donohoe and Laura Zurowski, Allan Mass and Rita DiLuca.


Suzanne V. Murphy Justin A. Lapedus Rasha H. El Sissi Thomas F. Pepevnak G. Scot Diamond Laura J. Zurowski Graham Jones Allan A. Mass Gordon D. Baird Barry J. Ryan Andrew O.T. Donohoe Rita DiLuca