08:32 AM EDT, 09/29/2025 (MT Newswires) -- Calian Group ( CLNFF ) said Monday that it closed a $200 million debt facility with the Royal Bank of Canada (RY.TO) as lead arranger. The company separately announced a contract expansion with Telesat ( TSAT ) .

The three-year term revolving credit facility includes a committed amount of $200 million, and an uncommitted accordion feature of up to $150 million. This new agreement replaces the existing facility and is a 37% increase.

"This credit facility underscores the confidence in our business fundamentals and long-term strategy. With more than $1.6 billion in backlog and highly differentiated solutions that serve the Defence, Space and Health markets, we are well positioned to deploy capital in pursuit of consistent, long-term growth and value creation," said Patrick Houston, chief financial officer.

Calian will also develop the operational data platform for the Telesat ( TSAT ) Lightspeed Low Earth Orbit (LEO) network. This contract is an expansion of Calian's role in the Telesat Lightspeed program.