Nov 18 (Reuters) - Telesat Canada (Pre-Merger) PSPENC.UL :
* TELESAT CANADA ANNOUNCES PROPOSED AMENDMENT TO EXISTING CREDIT AGREEMENT AND PROPOSED SECURED NOTES OFFERING
* TELESAT CANADA - PROPOSED AMENDMENT WOULD EXTEND MATURITY OF TERM LOAN B FACILITY, REVOLVING FACILITY
* TELESAT CANADA - CO TOGETHER WITH TELESAT LLC, AS CO-ISSUER, INTENDS TO ISSUE US$500 MILLION OF SENIOR SECURED NOTES DUE 2027
* TELESAT CANADA - IN CONNECTION WITH AMENDMENT, EXPECTS TO REPAY PORTION OF TERM LOAN B BORROWINGS
* TELESAT CANADA - TO USE PROCEEDS FROM OFFERING OF SENIOR SECURED NOTES TO REPAY PORTION OF TERM LOAN B BORROWINGS UNDER EXISTING CREDIT AGREEMENT