Sept 26 (Reuters) - Telesat Canada (Pre-Merger) PSPENC.UL :
* TELESAT - TO USE PROCEEDS FROM OFFERING, WITH CASH, TO REDEEM $500 MILLION OUTSTANDING OF 8.875% SENIOR NOTES DUE NOV. 17, 2024
* TELESAT CANADA ANNOUNCES PROPOSED NOTES OFFERING
* TELESAT CANADA -CO, TOGETHER WITH TELESAT LLC, AS CO-ISSUER, IT INTENDS TO ISSUE US$500 MILLION OF SENIOR NOTES DUE 2027