Creditors to Canada’s Telesat Hire Evercore, Lincoln for Advice

Some creditors to Telesat Corp. have tapped Evercore Inc. and Lincoln International for advice as the company’s debt trades at deeply distressed levels, according to people with knowledge of the situation.

• Evercore’s selection follows the earlier retention of Paul Weiss Rifkind Wharton & Garrison, said the people, who asked not to be identified discussing a private matter
• The group’s debt holdings are weighted toward term loan debt, they said
• Representatives with Telesat and Lincoln declined to comment, while messages left with Evercore and Paul Weiss were not returned
• Its first-lien term loan due in 2026 is quoted at around ...