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MDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030
MDA Space's C$250 million notes bear 7.00% interest and will refinance debt under an amended credit agreement, enhancing financing flexibility, officials said.
- On Dec. 4, 2025, MDA Space Ltd. priced a private placement of $250 million senior unsecured notes due 2030, expected to close December 23, 2025.
- Under the Credit Agreement dated November 25, 2025, Neptune Operations Ltd. secured a $150,000,000 accordion feature to potentially increase aggregate credit to $850,000,000 and permits the Offering to refinance debt.
- The Notes are being offered privately to accredited investors in Canada and qualified institutional buyers in the U.S. under Rule 144A and Regulation S, as part of the offering described by the Company.
- This refinancing aims to strengthen MDA Space Ltd.'s capital structure, with Guillaume Lavoie, Chief Financial Officer, saying `The refinancing provides flexibility and liquidity as we continue to pursue market growth opportunities`.
- Interest on the Notes will accrue at 7.00% per annum, payable June 23 and December 23 starting June 23, 2026, with maturity extended to November 25, 2030 and an accelerated refinancing provision.
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MDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030
BRAMPTON, ON, Dec. 4, 2025 /PRNewswire/ - MDA Space Ltd. ("MDA Space" or the "Company") (TSX:MDA), announced today that it has priced a private placement offering (the "Offering") and entered into an underwriting agreement to sell, pursuant to the Offering,…
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Leaning Left4Leaning Right5Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
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