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MDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030
MDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030 Canada News...
About this update from Mda Space Ltd
[{"type":"text","content":"\n\n\nMDA SPACE ANNOUNCES OFFERING OF C$250 MILLION SENIOR UNSECURED NOTES DUE 2030\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nBRAMPTON, ON, Dec. 4, 2025 /CNW/ - 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, C$250 million aggregate principal amount of 7.00% senior unsecured notes due 2030 (the \"Notes\"). The Offering is expected to close on or about December 23, 2025, subject to customary closing conditions.\n\n\n\n\n\n\n\nThe Notes will be issued at a price of C$1,000 per C$1,000 principal amount of Notes. The Notes will be senior unsecured obligations of the Company, ranking pari passu in right of payment with all existing and future senior unsecured indebtedness of the Company, and will be guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue at a rate of 7.00% per annum, payable semi-annually in arrears on June 23 and December 23 of each year, commencing on June 23, 2026.\nThe Company also announced that its subsidiary, Neptune Operations Ltd. (the \"Borrower\") entered into a second Amended and Restated Credit Agreement dated November 25, 2025 between, among others, the Borrower, as  borrower, the Company, as guarantor, and certain other guarantors party thereto from time to time, the lenders party thereto from time to time and The Bank of Nova Scotia, as administrative agent (the \"Credit Agreement\"). The Credit Agreement, among other things: (i) permits the Offering; (ii) provides for a C$150,000,000 accordion feature at the sole discretion of the lenders, potentially increasing the aggregate credit facilities to C$850,000,000 if exercised by the Borrower in the future; and (iii) extends the maturity date therein to November 25, 2030, subject to an accelerated maturity provision that could be triggered if the Notes aren't refinanced at least six months prior to November 25, 2030.\nThe Company intends to use the net pro...