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Loral Space & Communications Inc. (LORL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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37.33-0.27 (-0.72%)
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Momentum

Previous Close37.60
Open38.12
Bid37.26 x 800
Ask37.33 x 800
Day's Range37.02 - 38.12
52 Week Range14.85 - 50.85
Volume57,297
Avg. Volume209,062
Market Cap1.155B
Beta (5Y Monthly)1.77
PE Ratio (TTM)12.51
EPS (TTM)2.98
Earnings DateMay 06, 2021 - May 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 03, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-12% Est. Return
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  • Telesat Canada Announces Pricing of Secured Notes Offering
    GlobeNewswire

    Telesat Canada Announces Pricing of Secured Notes Offering

    OTTAWA, April 13, 2021 (GLOBE NEWSWIRE) -- Telesat Canada (“Telesat”) today announced the pricing of an offering (the “Offering”) of US$500 million aggregate principal amount of 5.625% senior secured notes due 2026 (the “Senior Secured Notes”) by Telesat and Telesat LLC. The Senior Secured Notes will be secured by a first priority lien on the collateral that secures Telesat’s existing credit agreement and existing 4.875% senior secured notes due 2027. The Senior Secured Notes are expected to be issued on or around April 27, 2021, subject to customary closing conditions. Telesat intends to use the net proceeds from the Offering to fund additional investment into one or more unrestricted subsidiaries for the development of Telesat Lightspeed, Telesat’s Low Earth Orbit (LEO) satellite network, for the payment of fees and expenses related to the Offering, and if the funding needs of Telesat Lightspeed are less than currently anticipated, for general corporate purposes. The Senior Secured Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The Senior Secured Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. Any offers of the Senior Secured Notes will be made only by means of a private offering memorandum. No assurance can be made that the Senior Secured Notes will be issued. Forward-Looking Statements Safe Harbor This news release contains statements that are not based on historical fact and are ”forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “future”, expected”, “continuing”, “plans” and “will” , or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020 which can be obtained on the SEC website at https://www.sec.gov/Archives/edgar/data/0001465191/000121390021013340/f20f2020_telesatcanada.htm. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, volatility in exchange rates, the anticipated use of proceeds of the Offering, risks and expense associated with becoming a publicly listed company the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its global priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For further information:Michael BolithoTelesat+1 (613) 748-8828 ir@telesat.com

  • Moody's

    Telesat Canada -- Moody's downgrades Telesat's CFR to B2 and assigns a B1 rating to new secured notes; ratings remain on review for downgrade

    Rating Action: Moody's downgrades Telesat's CFR to B2 and assigns a B1 rating to new secured notes; ratings remain on review for downgradeGlobal Credit Research - 13 Apr 2021Approximately $3.5 billion of debt ratedToronto, April 13, 2021 -- Moody's Investors Service ("Moody's") downgraded Telesat Canada's ("Telesat") corporate family rating (CFR) to B2 from B1, probability of default rating to B2-PD from B1-PD, senior secured credit facilities and senior secured notes ratings to B1 from Ba3, and senior unsecured notes rating to Caa1 from B3. Moody's also assigned a B1 rating to the company's proposed $500 million senior secured notes due 2026, with Telesat LLC as a co-issuer. Telesat's ratings remain on review for downgrade, including the B1 rating on the proposed secured notes.

  • Telesat Canada Announces Proposed Secured Notes Offering
    GlobeNewswire

    Telesat Canada Announces Proposed Secured Notes Offering

    OTTAWA, April 13, 2021 (GLOBE NEWSWIRE) -- Telesat Canada (“Telesat”) today announced that, together with Telesat LLC, as co-issuer, it intends to issue US$500 million of senior secured notes due 2026 (the “Senior Secured Notes”) secured by a first priority lien on the collateral that secures Telesat’s existing credit agreement and existing 4.875% senior secured notes due 2027. Telesat intends to use the net proceeds from the proposed offering of Senior Secured Notes (the “Offering”) to fund additional investment into one or more unrestricted subsidiaries for the development of Telesat Lightspeed, Telesat’s Low Earth Orbit (LEO) satellite network, for the payment of fees and expenses related to the Offering, and if the funding needs of Telesat Lightspeed are less than currently anticipated, for general corporate purposes. The Senior Secured Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The Senior Secured Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. Any offers of the Senior Secured Notes will be made only by means of a private offering memorandum. No assurance can be made that the Senior Secured Notes will be issued. Forward-Looking Statements Safe Harbor This news release contains statements that are not based on historical fact and are ”forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words “future”, "expected”, “continuing”, “plans” and “will” , or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the fiscal year ended December 31, 2020 which can be obtained on the SEC website at https://www.sec.gov/Archives/edgar/data/0001465191/000121390021013340/f20f2020_telesatcanada.htm. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance, the ability to successfully deploy an advanced global LEO satellite constellation, the availability of government and/or other funding for the LEO satellite constellation, the receipt of proceeds in relation to the re-allocation of C-band spectrum, the anticipated use of proceeds of the Offering, volatility in exchange rates, risks and expense associated with becoming a publicly listed company the ability to expand our existing satellite utilization and risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein. About Telesat Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat is one of the largest and most successful global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth. Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s Low Earth Orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Operating under its global priority Ka-band spectrum rights, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with fibre-like speeds. Privately held and headquartered in Ottawa, Canada with offices and facilities around the world, Telesat’s principal shareholders are Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc. (NASDAQ: LORL). For further information:Michael BolithoTelesat+1 (613) 748-8828 ir@telesat.com